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Plc

AJ786AJ786 Feels At HomeRegistered Posts: 36
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

Comments

  • lauradwknslauradwkns Settling In Nicely Registered Posts: 23
    It is a credit, as it is the total amount you owe to your creditors,therefore a liability.
  • AJ786AJ786 Feels At Home Registered Posts: 36
    lauradwkns wrote: »
    It is a credit, as it is the total amount you owe to your creditors,therefore a liability.

    THANK YOU VERY MUCH:thumbup1:
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