The payment to a creditor will be shown on ___?
Debit side of purchases ledger
Debit side of Creditor`s ledger
Credit side of creditor`s ledger
Debit side of cash
The payment to a creditor will be shown on Debit side of Creditor`s ledger .
The total on the debit side of the cash account of a company is Rs 27600, while the total on the credit side is Rs 20500. What shall be the balance of the cash account as at year end & on which side of the ledger account will it be written?
Is it correct that the total of the purchase invoices recorded in the purchases book is posted to the debit side of the purchases account in the ledger and credited to the accounts of suppliers?
When balance of an account is a debit balance, on which side of the ledger account is the entry for balancing done?