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3 Cards in this Set
- Front
- Back
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What goes on the Left hand (debit) side of a suppliers ledger account, and does this increase or decrease the amount owed to the supplier? |
Credit notes, decrease |
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What goes on the right hand (credit) side of a suppliers ledger account, and does this increase or decrease the amount owed to the supplier? |
Invoices, increase |
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How do you calculate the amount owed to an individual supplier in the Subsidiary ledger? |
Total both side and subtract left side from right side. |
