Creditors Ledger (Grade 10 NSC Matric Accounting): Flashcards

Person/business owed money for goods/services bought on credit

Increases in amount owed to creditor

Decreases in amount owed to creditor

Creditors Ledger

Cross-reference to source documents & transaction details

Which journal the entry came from (e.g., CJ, CAJ, CPJ)

Current amount owed to creditor after each transaction

Purchases on credit from Creditors Journal

Payments, returns, and discounts

No, only credit purchases