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What was the closing balance on the payables control account

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Question - The following figures relate to the purchases made by a business.

Payables control account -

Opening credit balance 90,000

Credit purchases 500,000

Cash paid to credit suppliers 430,000

Contra with receivables ledger - credit receivables ledger 15,000

Discounts received 5,250

What was the closing balance on the payables control account?

Reference no: EM132051268

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