Control Accounts

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Sales Ledger Control A/C

  • Replaces individual debtor A/C in double entry
  • Provides balance for debtors in Trial Balance
  • Prepared using Books of Prime Entry - Sales Journal, Sales Return Journal, Cash Book
  • One sided debit entry still made into each individual debtor A/C to record sales so business knows how much each debtor owes business
  • In individual A/C all normal entries still made - All one sided entries
  • Double entry takes place through Sales Ledger A/C 

Purchase Ledger Control A/C

  • Replaces individual creditor A/C in double entry
  • Provides balance for creditors in Trial Balance
  • Prepared using Books of Prime Entry - Purchases Journal, Purchases Return Journal, Cash Book
  • One sided credit entry still made into each individual creditors A/C to record Purchases so business…

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