Sales Ledger Control Account Basics

Front

Definition Of Sales Ledger Control Account ?

Back

Summary of sales transactions

Front

What is the Purpose of making SLCA?

Back

Track customer balances

Front

What does the Debit entry show in a Sales Ledger Control Account?

Back

Increase in sales ledger

Front

What is shown by the Credit side of a SLCA?

Back

Decrease in sales ledger

Front

Balance (debit) in Sales Ledger Control account

Back

Shows amount receivable

Front

What is the alternate term used for Sales Return

Back

Returns Inward

Front

A reduction in the amount due from a debtor as an incentive for early payment.

Back

Discount Allowed

Front

Bad Debts

Back

Money that is no longer collectible from a customer due to non-payment.

Front

Credit Sales

Back

The total value of credit sales made by the business

Front

Alternate term for Purchase Return?

Back

Return Outwards