- This topic has 1 reply, 2 voices, and was last updated 1 month ago by
mrjonbain.
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
ACCA Options: NEW MOCKS, debrief videos and "Read the Mind". Learn more >>
20% off BPP Books for ACCA & CIMA exams - Get BPP Discount Code >>
Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Control Account Reconciliation
Hi Sir, may I know why interest charged is recorded in the receivables ledger control account ? From what I know, the journal entry for interest charged is debit interest receivables and credit interest income and interest receivables is recorded separately in the balance sheet, not under accounts receivables.
Thank you
This forum is primarily designed for students to help one another. If you want to ask the tutor something directly, please use the ask the tutor forum-
https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-fa/
Hope this helps.