What is the purchase ledger balance?

Purchases ledger opening balances N4,000 Sales ledger opening balances N6,000 Credit purchases during the year N25,000 Discounts allowed N1,000 Returns inwards N2,000 Credit sales during the year N10,000 Returns outwards N6,000

A. N4,000
B. N23,000
C. N24,000
D. N29,000

Correct Answer:

Option B – N23,000