Debtors Allowances Journal (Grade 10 NSC Matric Accounting): Flashcards
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Debtors allowances journal (DAJ)
Debtors allowances journal (DAJ)
Subsidiary journal for recording customer returns bought on credit
Doc column in DAJ
Doc column in DAJ
Credit note number issued to customer
Day column in DAJ
Day column in DAJ
Specific day of month when transaction occurred
Debtors column in DAJ
Debtors column in DAJ
Name of customer who returned goods
Fol column in DAJ
Fol column in DAJ
Folio reference number from debtors ledger
Debtors allowances column in DAJ
Debtors allowances column in DAJ
Selling price of returned goods
Cost of sales column in DAJ
Cost of sales column in DAJ
Cost price of returned goods
Difference: debtors allowances vs cost of sales
Difference: debtors allowances vs cost of sales
Debtors allowances uses selling price; cost of sales uses cost
Posting frequency: individual debtor accounts
Posting frequency: individual debtor accounts
Daily
Posting frequency: DAJ totals to general ledger
Posting frequency: DAJ totals to general ledger
Monthly (at month-end)