CONTROL ACCOUNT
Balance b/d
Credit sales
Sales Ledger Control Account
Cash /cheque received from
xx
debtor
xx
xx
Discount allowed
xx
xx
xx
xx
Bad debts
Set
off/Transfer/Contra/Interledger
transfer
xx
Sales returns
xx
Balance c/d
xx
Cheques dishonoured
Interest charged on over due
account
Refund to customers
xx
Xxx
xxx
Purchase ledger control account
Cash/cheque paid to creditors
xx
Balance b/d
Discount received
xx
Credit purchases
Returns outwards
xx
Refund from supplier
Interest charged by supplier on
Set offs/Transfer /contra
xx
overdue accounts
Balance b/d
xx
xxx
xx
xx
xx
xx
xxx