The sales ledger control account
A control account holds the total owed by all credit customers. Each customer also has their own account in the sales ledger.
Task 1One total, many customers4 questions
The sales ledger holds one account for each credit customer.
The sales ledger control account holds the totals: everything invoiced, and everything received.
Its balance should equal all the customer balances added together.
Task 2Finding the balance3 questions