EMS0941

Creditors are ______ of a business.

• Assets

• Owners Equity

• Liabilty

When goods are bought on credit the transaction will be recorded in the ______

• Debitors Journal

• Creditors Journal

When a business buys on account from a creditor, the Creditors control account

• Will be debited

• Is not affected

• Will be credited

When goods are bought on credit the source document is called ________

• Duplicate credit invoice

• Orignal credit invoice

When Bank decreases the account will be

• Debited

• Credited