Debit on purchase ledger

This topic has 1 reply, 2 voices, and was last updated 14 years ago by Ken Garrett.

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May 13, 2012 at 12:26 am #52638
beokbeok
Member
- Topics: 7
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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: 10660
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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