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Control Account Format

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gamepaglu1108
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5 views1 page

Control Account Format

Uploaded by

gamepaglu1108
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

CONTROL A/C

 Sales ledger control A/C, also known as Total Debtors or Trade


Receivables A/C
 Purchases ledger control A/C, also known as Total Creditors or Trade
Payables A/C

Sales Ledger Control A/C


Balance b/d *** Balance b/d* ***
Credit Sales *** Cash/ Bank ***
Cash Refund *** Discount allowed ***
Dishonor Cheques *** Return inward ***
Interest on Debt *** Bad Debts ***
Bad Debts (now recovered) Set off (purchases ledger) ***
Balance c/d* *** Balance c/d ***
*** ***
Balance b/d *** Balance b/d* ***

Purchases Ledger Control A/C


Balance b/d* *** Balance b/d ***
Cash/Bank *** Credit purchases ***
Discount Received *** Cash Refund ***
Return Outwards *** Interest on overdue A/Cs ***
Set off (sales ledger) ***
Balance c/d *** Balance c/d* ***
*** ***
Balance b/d* *** Balance b/d ***

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