Hi ,
I do watched the lecture on contrrol account but i was not able to find the difference between leger account and ledger control account wether it be receivable or payable .
can help to sort out this .
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control accounts
11y ago#1Have you watched the lecture on Books of Prime Entry.
The receivables ledger control account is the total receivables account in the nominal/general ledger, and is part of the double entry.
The receivables ledger is a book with an account for each individual customer - it just keeps a note of how much each customer owes us, and is not part of the double entry.
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