Grade 10 Creditors

What is the source document for credit purchases?

• Invoice

• Bank statement

• Debit note

• Credit invoice

Where are credit purchases recorded in the journal?

• Cash Payments Journal

• Creditors Allowance Journal

• General Ledger

• Creditors Journal

What is the double entry in the General Ledger for credit purchases of goods?

• Dr Bank, Cr Creditors Control

• Dr Creditors Control, Cr Trading Stock

• Dr Trading Stock, Cr Creditors Control

• Dr Creditors Control, Cr Bank

How are returns to creditors recorded in the journal?

• General Ledger

• Cash Payments Journal

• Creditors Allowance Journal

• Creditors Journal

What is the double entry in the General Ledger for returns to creditors?

• Dr Creditors Control, Cr Trading Stock

• Dr Bank, Cr Creditors Control

• Dr Trading Stock, Cr Creditors Control

• Dr Creditors Control, Cr Bank

How are payments to creditors made?

• Cash

• Electronic fund transfer

• Credit card

• Debit card

Where are payments to creditors recorded?

• General Ledger

• Creditors Allowance Journal

• Cash Payments Journal

• Creditors Journal

What is the source document for payments to creditors?

• Credit invoice

• Debit note

• Bank statement

• Invoice

What does the amount on the debit side of the Creditors Control account represent?

• Creditors allowances

• Returns to creditors

• Credit purchases

• Payments made to creditors