Accounting for IGCSE & O level - Accounting Procedures (Section 20 - No. 21)
Which entry typically *increases* the balance of the Purchases Ledger Control Account?
Returning goods to a supplier.
Making a payment to a supplier.
Receiving an invoice from a supplier for purchases on credit.
Receiving a credit note from a supplier.
Explanation
Receiving an invoice for credit purchases increases the amount owed to suppliers.
Comments (0)
