Sales Ledger (Total Debtors Control Account) | SS1 Financial Accounting

Overview

Explain the meaning and uses of control account. identify sales ledger. prepare sales ledger control account.

Lesson details

Class: SS1
Subject: Financial Accounting
Theme: Control Account
Duration: 30:12

What you'll learn

Definition and uses of Control Account.
Terminologies
- Bad debts
- Discount allowed
- Returns inwards
- Cash refund
- Dishonoured cheques
- Credit sales.
Preparation of sales ledger Control account.

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