Debtors Ledger (Grade 10 NSC Matric Accounting): Flashcards
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10 cards from this deck
Debtors ledger definition
Debtors ledger definition
Subsidiary ledger with individual debtor accounts
Who is a debtor?
Who is a debtor?
Person/business owing money to the business
Other name for debtors ledger
Other name for debtors ledger
Accounts receivable ledger
Debit entry in debtors account means
Debit entry in debtors account means
Debt increases
Credit entry in debtors account means
Credit entry in debtors account means
Debt decreases
Folio number format in debtors ledger
Folio number format in debtors ledger
DL + number (e.g., DL5)
Source of debit entries to debtors
Source of debit entries to debtors
Debtors Journal (DJ)
Source of credit entries to debtors
Source of credit entries to debtors
Cash Receipts Journal or Debtors Allowances Journal
Purpose of balance column
Purpose of balance column
Shows current amount owed after each transaction
INV, CHQ, REC stand for
INV, CHQ, REC stand for
Invoice, Cheque, Receipt