Which does not appear in a purchases ledger control account?

Bad debts

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Discount received

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Goods returned to creditors

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Interest charged by supplier

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Solution

The correct option is C Bad debts
Purchase ledger control accounts records the transactions related to purchases.
Bad debts is an amount due from a customer which is not recoverable now. Bad debts is a loss to the organization and to be debited to profit & loss account.

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Similar questions

Q. Return of goods purchased on credit to the suppliers are only recorded in the Return inward Book.

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?

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Q. Rectifying the following errors:
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Q. Goods returned to suppliers should be accompanied by __________.

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Which does not appear in a purchases ledger control account?

The correct option is C Bad debtsPurchase ledger control accounts records the transactions related to purchases. Bad debts is an amount due from a customer which is not recoverable now. Bad debts is a loss to the organization and to be debited to profit & loss account.

The correct option is C Bad debts
Purchase ledger control accounts records the transactions related to purchases.
Bad debts is an amount due from a customer which is not recoverable now. Bad debts is a loss to the organization and to be debited to profit & loss account.