Economic Management Sciences- Credit Sales Flashcards

1
Q

Debtor

A

A credit customer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Journal

A

Debtors Journal (DJ)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Source document

A

Duplicate credit sales invoice

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Debtors control

A

Asset
+ DR (debtors buy-DJ)
- CR (debtors pay or return- CRJ/DAJ)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly