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Which of the following is shown on credit side of creditors control account?

A)  Bills ReceivableB)  Return inwardsC)  Credit purchasesD)  Discount allowed

Accounting Auditing Financial Reporting Financial Accounting Bookkeeping
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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/25
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lakshminarasimham mallareddi
by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct answer is C) Credit purchases is shown on credit side of creditors control account.

Sigalla Ndiapa
by Sigalla Ndiapa , Network Marketer , Happy World Meal Gate

the answer is credit purchases

Hani Bawashkah
by Hani Bawashkah , Audit & Accounting Supervisor , BMB & CO CERTIFIED PUBLIC ACCOUNTANTS (ADVISORY & ASSURANCE)

purchases on credit which will not be be paid in cash but the purchases will be be paid as the credit term with suppliers

Ram chandra chhetri
by Ram chandra chhetri , Cashier , Pokhara market

Bills receivable & discount allowed

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