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Debtors Control Account

Balance b/d

xx

Cash/Bank

xx

Sales

xx

Discount Allowed

xx

Bank (Reverse Cheque)

xx

Return Inward

xx

Discount (cancelled)

xx

Bad Debts

xx

Other Charge by Debtor

xx

Contra

xx

Balance b/f

xx

total

total

Creditors Control Account

Cash/Bank

xx

Balance B/d

xx

Discount Received

xx

Purchase

xx

Return Outward

xx

Others Charge By Creditors

xx

Contra

xx

Balance b/f

xx

total

total

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Related Questions

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 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


Is a control account part of the double entry system?

Yes. The balancing entry is passed in the self balancing ledger.For e.g. an increase in debtors due to sales will have the following entry passed- Debtors Ledger Adjustment a/c[In the general ledger] dr. To Sales a/c General Ledger Adjustment a/c[In the Debtors Ledger] dr. To Debtors Ledger Adjustment a/c[In The general Ledger]