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subsidiary journal used to record all items purchased on credit for the supplier.
subsidiary ledger in which the business records the details of the account of each creditor....
schedule drawn up to determine expected amounts due to creditors for goods bought on credit....
to cross-check rows of figures by adding in the other direction (vertical and horizontal rows)...
an asset the business owns over a short term such as trading stock, debtors and cash.
person who receives or consumes goods or services and can choose which goods and services to buy...
entry in the left-hand side of an accounting record using the double entry principle. A debit...
note issued to creditors when items are returned or allowance is granted.