How to post to each customer's account
Every invoice and credit note also goes to the customer's own account in the sales ledger. Post them and find what a customer owes.
Task 1Invoice by invoice4 questions
The totals go to the general ledger. Each invoice also goes, on its own, to the customer's account in the sales ledger.
| Invoice | Date | Customer | Net | VAT | Gross |
|---|---|---|---|---|---|
| 3201 | 3 July | Juniper Gifts | 330.00 | 66.00 | 396.00 |
| 3202 | 8 July | The Old Dairy Café | 450.00 | 90.00 | 540.00 |
| 3203 | 15 July | Hartley Home Store | 620.00 | 124.00 | 744.00 |
| 3204 | 24 July | Juniper Gifts | 200.00 | 40.00 | 240.00 |
- Post each invoice to the debit side of the customer's account
- Post the gross amount, because the customer owes the VAT as well
Task 2A customer's account4 questions