Which of the following will appear on the debit side of a payables ledger control account? A Discounts allowed B Repayments by suppliers C Discounts received D Irrecoverable debts written off
The correct answer is: Discounts received. Repayments by suppliers will be credited to the payables ledger control account. Discounts allowed and irrecoverable debts written off will both appear in the receivables ledger control account.
