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| View all free ACCA F8 lectures >> | This lecture is based on OpenTuition F8 slides, view or download here>> |
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not bad
Excellent explanation
Sales ledger = receivables ledger. Sales ledger is perhaps a slightly old name, but still used.
Note sales account is different. So the double entry fo issuing an invoice is:
Dr Customer in sales ledger (receivables ledger/customer ledger)
Cr Sales in nominal ledger
Very good !!!
Just one concern. Why it is debited to Sales ledger? It should be Dr Cash or AR & Cr Sales
Fantastic!
cool