![]() ![]() The customers' accounts are then segregated in another book called the Sales Ledger or Customers' Ledger, while the creditors' accounts are kept in the Purchase or Creditors' Ledger. These summary accounts, respectively, displace individual customers' and creditors' accounts in the Ledger. The most common examples of such accounts are Accounts Receivable account and Accounts Payable account. Controlling Accounts.-The addition of special columns in books of original entry makes possible the keeping of Controlling Accounts. (6) Columns for Discount on Purchases and Discount on Notes on the same side of the Cash Book (c) Columns for Discount on Sales and Cash Sales on the debit side of the Cash Book (d) Departmental columns in the Sales Book and in the Purchase Book. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. This historic book may have numerous typos and missing text. ![]()
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