Debit Notes

In bookkeeping, why is purchase ledger control a Credit?

I don't see how it can be either, seeing as your can't touch it or hold it. Arghh, help.

Public Comments

1. What has touching or holding have to do with it ? A credit is a liability, income or owner's equity. Purchase ledger represents a liability.
2. Your question is a little vague, but ill try get through it as usual lol. in bookkeeping you have Purchases Expenses Assets Revenue Liabilities Sales (PEARLS) (PEA) IS FOR THE DEBIT SIDE / (RLS) IS FOR THE CREDIT SIDE) this is true to form on every single leger. From that you can see how everything equals out in the end. For a Purchase on a Purchase ledger Is an expense on the expenses ledger. so £20 Debited on expenses and £20 Credited on Sales because you will eventually sell it.