Accounting for IGCSE & O level - Accounting Procedures (Section 24 - No. 34)
What does the sales ledger control account NOT do?
Record credit sales.
Record cash received from customers.
Show the balances of individual customer accounts.
Help locate errors in the sales ledger.
Explanation
The sales ledger control account does not show the balance of individual customer accounts, that is the purpose of the sales ledger.
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