Accounting for IGCSE & O level - Accounting Procedures (Section 17 - No. 40)
Which of the following transactions *increases* the balance of the Purchases Ledger Control Account?
Payment to a supplier.
Receiving a credit note from a supplier.
Returning goods to the supplier.
Purchasing goods on credit.
Explanation
Purchasing goods on credit adds to the amount owed to suppliers, increasing the balance.
Comments (0)
