JAMB - Accounts Principles Of Accounts (2015 - No. 18)

Which of the following is a debit entry in debtors control account?
discount allowed
return inwards
credit sales
cash from debtors

Explanation

The debtorscontrol account is an account in the GL that shows the total of all transactions with debtorsEntries must still be made using the double entry method (credit/debit), but the following totals are entered: The sales journal totals, or the total amount of credit extended.

 

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