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yr 13 accounting > Sales Ledger Control > Flashcards

Sales Ledger Control Flashcards

1
Q

SALES LEDGER CONTROL
ACCOUNT - debit

A

b/d
interest charged to receivables
credit sales

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2
Q

SALES LEDGER CONTROL
ACCOUNT - credit

A

money received from credit customers returns in
discount allowed
irrecoverable debt
contras with the payables ledger balance c/d

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yr 13 accounting (5 decks)

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