Finance
4545 Points
Joined September 2020
Eg. Payables ledger! It's a real account. Which means Debit what comes in and credit what goes out. The B/D will always be in the credit side.
Eg. Purches ledger! It's a nominal account Dr. All expenses and losses and credit all incomes and gains. So purchases is an expense and hence B/D will always be on the debit side