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How about receivables ledger control account?
What about it? Have you watched the whole lecture? Try looking at about 29 minutes into the lecture!!
What about the receivables Journal in the diagram? I realize that sales journal might include Receivables but sales journal would also include cash sales, right?
I mean what if we only need to know about the creadit sales which are nothing but receivables?
The receivables journal (also called the sales journal, or sales day book) only records sales on credit.
Sales for cash (cash sales) are recorded in the cash receipts book, and analysed into a column headed ‘sales’.
I wish i saw this earlier… thank you so much
Thank you so much for such a valuable video
thank u so miuch, but where is the prtty cash book………..
@nana876, You can read about this in the Course Notes. All you need to know about for the exam is the imprest system, which is explained in the notes.
thanks a lot, great work