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Basic Question.

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.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • May 28, 2016 at 6:47 pm #317810
    Abdullah
    Participant
    • Topics: 11
    • Replies: 7
    • ☆

    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 #317824
    jackiek13
    Member
    • Topics: 0
    • Replies: 12
    • ☆

    Total of the Sales Day Book goes to the Sales Control Account

    May 28, 2016 at 8:54 pm #317829
    Abdullah
    Participant
    • Topics: 11
    • Replies: 7
    • ☆

    what about totals on sales ledger ? am a bit confused, perhaps explain the difference in these 2 ?

    May 29, 2016 at 8:15 am #317881
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    The 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 #323589
    24sevencommerce
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    Thanks Ken Garrett for the best answer.

    Thanks
    https://www.24sevencommerce.com/

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