Accounting for IGCSE & O level - Accounting Procedures (Section 2 - No. 17)
Which of the following statements are true about a sales ledger control account?
It is a summary of all individual customer accounts.
It is used to check the accuracy of the sales ledger.
It is a detailed record of each transaction with customers.
It is a part of the general ledger.
Explanation
A sales ledger control account summarizes the customer accounts and helps in ensuring their accuracy and is part of the general ledger.
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