Question on: JAMB Accounting - 1999

Use the information to answer the question

Aminu and Sons credit purchases (Extract] as at February 1996.

Feb 1Credit balances 40, 000

         Debit balances              1, 000<br />

Feb 28 Purchases journal totals 500,000

         Returns outwards journal totals 50,000<br />

         Cheques paid to suppliers      400,000<br />

       Promissory notes sent to suppliers 30,000<br />

          Credit balance in the purchases ledger set off against debit balances in the sales ledger  2000<br />

The Total for the purchases ledger control account is