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Control Account Reconciliation

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Control Account Reconciliation

  • This topic has 1 reply, 2 voices, and was last updated 1 month ago by mrjonbain.
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  • July 15, 2022 at 12:06 pm #660586
    gaeunn
    • Topics: 6
    • Replies: 4
    • ☆

    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

    July 15, 2022 at 12:27 pm #660588
    mrjonbain
    Moderator
    • Topics: 1
    • Replies: 1285
    • ☆☆☆☆☆

    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.

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