All 25 Control Accounts questions
More in Control Accounts
What is the difference between a control account and a personal account? What is the normal balance of the sales and purchases ledger control accounts? What is the difference between the SLCA and PLCA in one line each? Why are control accounts prepared by someone other than the ledger clerk? What entries appear in the purchases ledger control account? How does a control account help detect errors? What is a control account reconciliation? Why is a control account a form of internal control? What is the effect of a discount allowed on the control accounts? How is a bad debt written off reflected in the sales ledger control account?
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Bookkeeping › Control Accounts

What entries appear in the sales ledger control account?

Intermediate

Answer

Debits: opening debtors, credit sales, dishonoured cheques, interest charged, and refunds to customers. Credits: cash/cheques received, discounts allowed, sales returns, bad debts written off, and contras/set-offs. The balancing figure is the closing debtors total.
SLCA:
  Dr: Opening bal, Credit sales, Dishonoured cheques
  Cr: Receipts, Discounts allowed, Returns, Bad debts, Contra
  Balance c/d = closing debtors
Real-world example The receivables control account is debited with new credit sales and credited with customer receipts and discounts.

Common follow-ups: What goes on the debit side? | Where do bad debts appear?

Sales & Purchase Ledgers Cash Book & Petty Cash Control Accounts
All 25 Control Accounts questions