The purchases ledger control account showed a credit balance of N525 000 on April 30 2006. This amount shows?

A. what the debtor of a business enterprise owed the business
B. the total amount which each debtor owed the business
C. what a business enterprise owed its creditors
D. the amount which a business enterprise owed creditor

Correct Answer:

Option C – what a business enterprise owed its creditors