Refresh or test your accounting knowledge on Control or Total Accounts
|QUESTIONS:1.0 What is a control account? —->> refer article
2.0 What ledger entries are made from the discounts allowed column in the cash book?
3.0 Give three examples of typical entries on the credit side of a debtors control account —–>> refer article
4.0 List three reasons why control accounts should be maintained.
—->> refer article