Question
Which of the following statements relating to a Debtors Control account is correct: The Debtors Control account forms part of the double entry system. Debtors
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Which of the following statements relating to a Debtors Control account is correct:
The Debtors Control account forms part of the double entry system.
Debtors accounts in the debtors ledger form part of the double-entry system.
If a control account is maintained the individual customer accounts need not be maintained.
In individual customer accounts are maintained, the control account need not be maintained.
Which of the following statements relating to a Debtors Control account is correct:
| The Debtors Control account forms part of the double entry system. | ||
| Debtors accounts in the debtors ledger form part of the double-entry system. | ||
| If a control account is maintained the individual customer accounts need not be maintained. | ||
| In individual customer accounts are maintained, the control account need not be maintained. |
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
