Accounting for IGCSE & O level - Accounting Procedures (Section 24 - No. 38)
In the context of the Purchases Ledger Control Account, what does a credit entry represent?
An increase in amounts owed to suppliers.
A decrease in amounts owed to suppliers.
An increase in cash received from suppliers.
A decrease in cash paid to suppliers.
Explanation
A credit entry means the amount owed has been increased.
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