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SS1 Financial Accounting

Sales Ledger (Total Debtors Control Account)

Overview

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

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.