Control Accounts

Where does Returns Inwards Belong ?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Returns Outwards Belong ?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Receipts from credit customers belong?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Payments to credit suppliers belong?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Refunds to debtors who had overpaid there accounts belong?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Dishonoured cheques received from debtors belong ?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Discount Allowed belong ?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Bad Debt Written Off Belong ?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Interest Charged on Customers' Overdue accounts belong ?

• Sales Ledger Control Account

• Purchases Ledger Control Account

Where does Interest Charged by suppliers on overdue accounts belong ?

• Sales Ledger Control Accounts

• Purchases Ledger Control Accounts