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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
What else can I help you with?
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
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
Is it sales ledger control account and debtors control account are same?
Yes, the sales ledger control account and the debtors control account are essentially the same. Both terms refer to an account that summarizes all transactions related to credit sales and outstanding amounts owed by customers. This account serves to reconcile the total receivables recorded in the sales ledger with the general ledger, ensuring accuracy in financial reporting.
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]
