Accounting for IGCSE & O level - Accounting Procedures (Section 4 - No. 15)
Which of the following will decrease the balance of a supplier’s account in the purchases ledger?
A cash payment to the supplier.
Returning goods to the supplier.
Issuing a debit note to the supplier.
Receiving a credit note from the supplier.
Explanation
All would reduce the amount the business owes to the supplier.
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