t accounts Flashcards
1
Q
Trade Receivables control account
A
DR refund to customers opening balances credit sales dishnoured cheques CR discounts allowed irrecoverable debts sale returns cash from credit customers cash received contra
2
Q
Cash ledger
A
DR opening balances cash sales capital introduced trade receivables CR trade payables cash purchases class expense c/f
3
Q
Trade payables control accounts
A
DR purchase returns discounts received contra cash paid CR credit purchases opening balances refund from suppliers
