oni the word bank below and FILL in the missing words. Sales Credit3 Debit Debtors ledges| Credit sales invoice Credit purchases invoice . The statement of account sent to the debtors each month showing clearly how much the debtor owes to the business. (1) 2.2 When debtors buy goeds an credit, in the Debtors Ledger, it is column and when they (2) recorded in the column. pay their accounts, it is reaprded (1) 2.3 Which source docurment would be used when goods are sold on credit? (1) is credited 2.4 When a business sells goeds to A. Bothe on credit debtor control is debled and oSe
oni the word bank below and FILL in the missing words. Sales Credit3 Debit Debtors ledges| Credit sales invoice Credit purchases invoice . The statement of account sent to the debtors each month showing clearly how much the debtor owes to the business. (1) 2.2 When debtors buy goeds an credit, in the Debtors Ledger, it is column and when they (2) recorded in the column. pay their accounts, it is reaprded (1) 2.3 Which source docurment would be used when goods are sold on credit? (1) is credited 2.4 When a business sells goeds to A. Bothe on credit debtor control is debled and oSe
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Step 1
2.1 - Debtor's Ledger keeps details about which debtor owes how much money to the business.
2.2 - Goods bought on credit will be entered into the Credit column in the Debtors ledger and payment made would be recored in Debit column as their liability is decreasing.
2-3 - Credit sales invoice. Credit purchase Invoice is for the goods purchased on credit.
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