Day 7.5 - Sales Ledgers and Transactions
Prepare Notes on the following topics:
- Sales Ledgers
- Subsidiary Ledger
- A/R
- A/P
- Inventory
- General Ledger
- Controlling Account
- Sales Transactions
- Cash Sales (don’t forget Cost of Goods Sold)
- Clearing Houses
- Sales on Account
- Sales Discounts
- invoice
- credit terms
- credit period
- Sales Returns and Allowances
- credit memorandum
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