Purchasers ledger control account can also be referred to as?

A. sales day book
B. purchasers day book
C. creditors legder
D. debtors ledger

Correct Answer:

Option C – creditors legder

Explanation

The Creditors Ledger accumulates information from the purchases journal. The purpose of the Creditors Ledger is to provide knowledge about which suppliers the business owes money, and how much. It is also known as accounts payable or purchase journal.