0
A branch debtors account is a financial record used by a parent company to track amounts owed by customers of its branch operations. This account helps monitor sales made on credit at each branch and ensures accurate reporting of receivables across the organization. It is essential for assessing the performance of different branches and managing cash flow effectively. By maintaining this account, companies can better understand their credit exposure and improve collection processes.
What else can I help you with?
Under stock and debtors system branch profit is ascertained by opening account?
Instead of opening of one branch a/c separate accounts are opened for various transactions at branch.
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
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 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
Under stock and debtors system branch profit is ascertained by opening account?
Instead of opening of one branch a/c separate accounts are opened for various transactions at branch.
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
What is journal entry for allowances to debtors?
[Debit] Allowance for debtors account [Credit] Accounts receivable account
How do you treat refund to debtors in the debtors control account?
decrease with a credit
What type of account is debtors account?
Accounts Payable.
What account type is an intercompany account on the chart of accounts?
Other Debtors account
Does the returns inwards affect the debtors control account in the general ledger?
Yes, returns inwards affect the debtors control account in the general ledger. When goods are returned by customers, it results in a reduction of accounts receivable, which is reflected in the debtors control account. This decrease is typically recorded as a debit entry to the returns inwards account and a corresponding credit entry to the debtors control account, thereby adjusting the total amount owed by customers.
Under stock and debtors system branch profit is ascertained by opening?
branch P/L a/c
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
