Debtors Journal (Grade 10 NSC Matric Accounting): Flashcards

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Debtors journal
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Debtors journal definition

Subsidiary book recording all credit sales

Debtor definition

Person/business owing money from credit purchases

Document number in debtors journal

Invoice number

Posting frequency: individual debtor accounts

Daily

Posting frequency: totals to General Ledger

Monthly

Mark-up definition

Percentage added to cost price to get selling price

Debtors allowances journal records what?

Returns of goods and allowances granted to customers

Document in debtors allowances journal

Credit note

Column replacing 'Sales' in allowances journal

Debtors Allowances

Six columns in debtors journal

Doc, Day, Debtors, Fol, Sales, Cost of sales

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