Control accounts
Keeping the total owed by customers in step with each customer's own account.
See the first roomThe sales ledger control account
Rooms in this module
How this works
Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.
Words in this module
- Control account
- A control account holds one total in the general ledger, such as the amount owed by all the credit customers together.
- Sales ledger
- The sales ledger holds one account for each credit customer. It shows who owes the business money, and how much.
Questions
How many rooms and questions are in Control accounts?
2 rooms and 14 questions. Every question is marked at once.
How long does it take?
About 20 minutes in all. A room takes 10 minutes, so you can do one at a time.
Is it free?
No. These rooms need Premium, or the Control accounts pack bought once. Each room shows the start of its first task before you pay.
What should I do first?
VAT. It is the module before this one in Bookkeeping foundations.