Accounting for IGCSE & O level - Accounting Procedures (Section 14 - No. 22)
Which of the following situations result in a credit entry in the Purchases Ledger Control Account?
Paying a supplier.
Returning goods to a supplier.
Being issued a credit note by a supplier.
Receiving goods from a supplier on credit.
Explanation
All those items reduce the balance of money that the business owes to the supplier.
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