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Format for Debtors control account and creditors control account?

debtors


What is sales ledger control account?

Sales control account is a summary of transactions relating to the debtors balance.the debtors ledger account is debited when there is an increase of the debtors balance and credited when there is a reduction of the debtors balance


How do you treat refund to debtors in the debtors control account?

decrease with a credit


16 In what circumstances would a non trade debtors control account be used?

i would like to know in what circumstances would a non trade debtors control account be used?


What is the methods of internal control account debtors and creditors?

ahshshj


Prepare Debtors control account and Creditors control account?

The financial year of Ali & Co is closed on June 30, 2007. Data regarding Ali & Co isgiven below:Rs.Opening balanceDebtors 75,000Creditors 125,000Closing balanceDebtors 100,000Creditors 150,000SalesCash 100,000Credit 130,000PurchasesCash 80,000Credit 100,000Purchase returns (From credit purchases) 5,000Receipts from debtors ? 88500Payments to creditors ? 65000Discount allowed 2,000Discount received 5,000Bad debts written off 13,000Increase in provision for doubtful debts 2,500Required:Prepare Debtors control account and Creditors control account.


What is journal entry for allowances to debtors?

[Debit] Allowance for debtors account [Credit] Accounts receivable account


What type of account is debtors account?

Accounts Payable.


What is debtors method?

It is related to "control" the accounts of debtors for some purposes.


What account type is an intercompany account on the chart of accounts?

Other Debtors account


What is the difference between trade debtors and sundry debtors?

The difference between trade debtors and sundry debtors is trade debtors are specific debts like credit cards. Sundry debtors are a wide variety of debtors that can be from any source.


What account is the branch account under debtors system?

branch debtor account is an account prepaid when the branch sell goods or credit. it necessary for recording all transctions concerning branchdebters and for acertaining the balance of debtors at branch