Prepare the purchases ledger control account for the month

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Reference no: EM132635652

At 1 February 2020, the following information was available:

Purchases Ledger debit balances 480

Sales Ledger credit balances 787

Required:

Problem (a) Prepare the Purchases Ledger Control Account for the month of January 2020

Problem (b) Sales Ledger Control Account for the month of January 2020.

Problem (c) Explain six advantages of using control accounts.

Reference no: EM132635652

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