accounting unit 1 0.0 / 5 ? Accountingadjustmentscontrol accountsbank reconciliationsledger accountssource documents and subsidiary booksASAQA Created by: beth100Created on: 29-06-16 14:20 what is the source document and subsidiary book when purchasing goods on credit source document: purchase invoice / subsidiary book: purchases day book 1 of 5 What do you do with a bad debt? Add as an expense on the income statement and is added to receivables on the balance sheet 2 of 5 what would you do if the balance brought down is on the DR side of the bank statement it is a negative figure on the bank reconciliation (overdraft) 3 of 5 how does the purchase ledger control account verifies the purchase ledger the total of the purchase ledger control account should match the payables figure on the control account 4 of 5 why is accounting important? keep track of cash flow in and out of business and HM revenue for ta 5 of 5
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