Creditors Ledger (Grade 10 NSC Matric Accounting): Quizzes
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Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is a creditors ledger?
What is a creditors ledger?
A subsidiary ledger for each creditor
What is a creditor?
What is a creditor?
Someone owed money for credit purchases
Which is NOT a purpose of the creditors ledger?
Which is NOT a purpose of the creditors ledger?
Recording cash sales transactions
What does 'CL' stand for in folio numbers like CL5?
What does 'CL' stand for in folio numbers like CL5?
Creditors Ledger
What does the credit column record?
What does the credit column record?
Increases in amount owed to creditor
What does the debit column record?
What does the debit column record?
Decreases in amount owed to creditor
Where is a credit purchase recorded in the creditor's account?
Where is a credit purchase recorded in the creditor's account?
Credit column
What does 'CAJ' stand for in the folio column?
What does 'CAJ' stand for in the folio column?
Creditors Allowances Journal
How are cash purchases treated in the creditors ledger?
How are cash purchases treated in the creditors ledger?
They do NOT affect the creditors ledger
When are trade discounts deducted?
When are trade discounts deducted?
Before recording the transaction