General Ledger and Chart of Accounts | Principles of Accounting

PLCA explained ✍🏻 purchase ledger control, payables ledger control, whatever you call it, this account is the account which tells a business how much is owed to its credit suppliers. It is therefore a current liability & to increase it we credit, to decrease we debit 👏🏼

Purchases Ledger account balance

General Ledger Accounts in SAP Business ByDesign DEMO