Leaving Certificate Accounting Flashcards on Control Accounts, created by Daniels Kurilovs on 09/05/2016.
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Created by Daniels Kurilovs
over 8 years ago
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Close
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Created by Daniels Kurilovs
over 8 years ago
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What are the purposes of creditors / debtors control accounts?
(3 pts)
Explain a "contra" item.
How could a credit opening balance occur in a Debtors Account?
Why might the Creditor's Control Account balance not agree with the balance in the Schedule of Creditors?
(3 pts)
