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Debit on purchase ledger

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Debit on purchase ledger

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  • May 13, 2012 at 12:26 am #52638
    beokbeok
    Member
    • Topics: 7
    • Replies: 12
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    Hi, what can lead to a debit balance in one of the accounts of the purchase ledger? Thank you.

    May 13, 2012 at 5:47 am #97504
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10531
    • ☆☆☆☆☆

    For example:

    Paying the same invoice twice
    A misposting such as recording ABC was paid when it was really ACB that was paid
    A credit note received after payment had bee made

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