Which of the following is a debit item in the sales ledger control account?

By: |Published on: Dec 2|Categories: Accounting JAMB| 0 comments

A. Cheque receipts
B. Dishonoured cheques
C. Discount allowed
D. Bills receivable

Correct Answer:

Option D – Bills receivable

Explanation

The sales ledger control account is used to monitor the amounts owed by customers to your business. it contains transactions related to all the trade receivables (all the debtors) in the business,

Bills receivables are drawn when a vendor or seller makes any credit sale to the business.

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