SECTION B Financial literacy: Debtors Ledger and General Ledger QUESTION 2 (25] (5) Choose from the word bank below and FILL in the missing words. Credit sales invoice Credit purchases invoice Sales Debit Credit Debtors ledger 2.1 The statement of account sent to the debtors each month showing clearly how much the debtor owes to the business. 141 2.2 When debtors buy aoods on credit, in the Debtors Ledger, it is recorded in the column and when they (2). pay their accounts, it is recorder 2.3 Which source document would be used when goods are sold on credit? (1) 2.4 When a business sells goods to A. Bothe on credit debtor control is debited and (1) is credited
SECTION B Financial literacy: Debtors Ledger and General Ledger QUESTION 2 (25] (5) Choose from the word bank below and FILL in the missing words. Credit sales invoice Credit purchases invoice Sales Debit Credit Debtors ledger 2.1 The statement of account sent to the debtors each month showing clearly how much the debtor owes to the business. 141 2.2 When debtors buy aoods on credit, in the Debtors Ledger, it is recorded in the column and when they (2). pay their accounts, it is recorder 2.3 Which source document would be used when goods are sold on credit? (1) 2.4 When a business sells goods to A. Bothe on credit debtor control is debited and (1) is credited
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![SECTION B Financial literacy: Debtors Ledger and General Ledger
QUESTION 2
(25]
(5)
Choose from the word bank below and FILL in the missing words.
Credit sales invoice
Credit purchases invoice
Sales
Debit
Credit
Debtors ledger
2.1 The statement of account sent to the debtors each month showing
clearly how much the debtor owes to the business.
141
2.2 When debtors buy aoods on credit. in the Debtors Ledger, it is
recorded in the
column and when they
(2)
pay their accounts, it is recorder
2.3
Which source document would be used when goods are sold on credit?
(1)
2.4 When a business sells goods to A. Bothe on credit
debtor control is debited and
(1)
is credited](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc835df6f-e1ef-493c-90b9-fb1663c740b9%2F75c3173f-c432-4fd5-8026-6748513df9c8%2Flp99whd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:SECTION B Financial literacy: Debtors Ledger and General Ledger
QUESTION 2
(25]
(5)
Choose from the word bank below and FILL in the missing words.
Credit sales invoice
Credit purchases invoice
Sales
Debit
Credit
Debtors ledger
2.1 The statement of account sent to the debtors each month showing
clearly how much the debtor owes to the business.
141
2.2 When debtors buy aoods on credit. in the Debtors Ledger, it is
recorded in the
column and when they
(2)
pay their accounts, it is recorder
2.3
Which source document would be used when goods are sold on credit?
(1)
2.4 When a business sells goods to A. Bothe on credit
debtor control is debited and
(1)
is credited
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