Mathematics · Payables Ledger Control Account
The following information is extracted from the Payables Ledger Control Account (PLCA) of V Co for the year ended 31 December 20X4: Opening balance (1 Jan 20X4): $32,978 Closing balance (31 Dec 20X4): $47,539 Payments to credit suppliers: $163,948 Purchase returns: $4,945 Settlement discounts received: $2,850 Contras with the receivables ledger: $1,500 What is the total value of credit purchases for the year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$187,804✓
- 2$158,162
- 3$181,304
- 4$184,804
Correct answer
$187,804
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