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Bookkeeping level 2 > Control accounts > Flashcards

Flashcards in Control accounts Deck (3)
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1
Q

sales ledger

A

credit sales - debit

return inwards / sales return - credit 
cash received - credit 
discounts allowed - credit 
bad debts written off - credit 
Purchase ledger contra - credit 
Supplier a/c - credit
2
Q

Purchase ledger

A
cash paid - debit 
discounts received - debit 
Return outwards / - debit 
Sales ledger contra - debit 
Customer  a/c - debit 

Purchases - credit

3
Q

What is not recorded

A

CASH SALES and CASH PURCHASES