Accounting for IGCSE & O level - Accounting Procedures (Section 21 - No. 23)
If a company issues a debit note to a supplier, what is the effect on the Purchases Ledger Control Account?
The account is debited.
The account is credited.
No effect.
The account is closed.
Explanation
A debit note reduces the balance of what is owed, therefore, it is credited.
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