Forums › FIA Forums › FA1 Recording Financial Transactions Forums › Basic Question.
- This topic has 4 replies, 4 voices, and was last updated 8 years ago by 24sevencommerce.
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- May 28, 2016 at 6:47 pm #317810
I am a bit confused, can you please tell me that the totals on Sales ledger control account on DR side, where is that figure taken from ?
Total of sales day book or sales ledger ?May 28, 2016 at 7:40 pm #317824Total of the Sales Day Book goes to the Sales Control Account
May 28, 2016 at 8:54 pm #317829what about totals on sales ledger ? am a bit confused, perhaps explain the difference in these 2 ?
May 29, 2016 at 8:15 am #317881The sales day book is just a list of sales made each day. It is not part of the double entry system. From that list the following entries are made:
Total of sdb: Cr Sales, Dr Receivable Control account (thone are the double entries).
Each line in sdb: Dr individual accounts in receivables ledger (those are the detailed records that let you record who owes what).
June 20, 2016 at 1:07 pm #323589Thanks Ken Garrett for the best answer.
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