PDA

View Full Version : Plc

AJ786
25-03-08, 22:24
Can someone please tell me if Purchase Ledger Control is a debit or a credit.

i personally think it is liability meaning it is a credit but am unsure so can some please help me on this?

thanks
lauradwkns
26-03-08, 08:42
It is a credit, as it is the total amount you owe to your creditors,therefore a liability.
AJ786
26-03-08, 18:34
It is a credit, as it is the total amount you owe to your creditors,therefore a liability.

THANK YOU VERY MUCH:thumbup1: