Question

Is purchase A/c balance in ledger​​

Answer 1

Answer:

It is called debit balance. Similarly, if total credits are more than total debits, balance is put on the debit side. It is called credit balance. In the Purchase Account total of debits is Rs.

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Answer 2

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The purchase ledger control account, or trade creditor control account, is part of the balance sheet and shows at any given time how much you owe to your suppliers. All of the individual transactions posted to your supplier ledger are included in this account, so any invoices, credit notes and payments are recorded.

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