Which of the following is not an item on the credit side of the purchases ledger control account?

A. cash received
B. cash payment
C. contra settlement
D. cheque payment

Correct Answer: Option D

D. cheque payment

Explanation

Creditor’s ledger control account is also known as purchases ledger control account or total creditors account. Interest charged by suppliers and refunds received from suppliers for overpayments to them is recorded in the credit side of purchases ledger control account.