In this video lesson, I will teach you how to prepare sales ledger control account. Control account is a very common question in almost all Accounting Curriculums, for example, Cambridge IGCSE, O Level, As Level, A Levels, IB, CBSE, GCE, Edexcel, and other National and International Accounting Syllabuses. Accounting Celebrity features accounting lessons for High School and College students which is a convenient way to learn Accounting with VIDEO LESSONS.
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TIMESTAMPS--
00:00 Opening Balance
01:23 Credit Sales
02:02 Bank transfers received from credit customers
03:56 Cash received from credit customers
04:28 Returns from credit customers
04:57 Irrecoverable debts written off
05:32 Contra entries
06:13 Discount allowed
06:41 Interest charged on overdue sales ledger accounts
07:45 Sales ledger control account debit balance
08:38 Sales ledger control account credit balance
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