Creditors Journal (Grade 10 NSC Matric Accounting): Flashcards

Subsidiary journal recording all credit purchases

Never recorded; only net amount after discount

$\text{Total purchases} - \text{Trade discount}$

Links to supplier's account in Creditors Ledger

Goods purchased for resale

Total amount owed for the purchase

All other items without specific columns

Daily

Drawings

Office supplies bought on credit