Accounting for IGCSE & O level - Accounting Procedures (Section 3 - No. 19)
What is the main purpose of a sales ledger control account?
To record individual customer transactions.
To reconcile the total of customer balances with the general ledger.
To track cash receipts from customers.
To summarize sales revenue for the period.
Explanation
The sales ledger control account ensures the total customer balances match the general ledger.
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