Sales ledger control account contains the total amount in respect of
FINANCIAL
JAMB 2015
Sales ledger control account contains the total amount in respect of
- A. creditors
- B. debtors
- C. investors
- D. shareholders
Correct Answer: B. debtors
Explanation
The sales ledger control account is used to monitor the amounts owed by customers to your business. The sales ledger control account is also known as debtors control account and includes all entries of debtors as if only one existed
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