Q. What is the double entry to record a credit sale of $500 to A?
A. DEBIT receivables $500, CREDIT sales $500
B. DEBIT receivables ledger (A's account) $500, CREDIT sales $500
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Receivables
10y ago#1Unless you are told that they keep personal accounts as part of the double entry (and therefore have no control account) then the answer is A.
I do suggest that you watch our free lectures on Books of Prime Entry.
(Our free lectures are a complete course for Paper F3 and cover everything needed to pass the exam well)
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