Accounting for IGCSE & O level - Accounting Procedures (Section 12 - No. 45)
Which of the following typically causes a credit entry in the Purchases Ledger Control Account?
Issuing a credit note to a customer.
Issuing a debit note to a supplier.
Returning goods to a supplier.
Receiving goods on credit.
Explanation
Debit notes given and goods returned reduces the amount owed to suppliers