CIMA BA3 · Chapter 5 · Question 2 of 10
Which of the following items would NOT appear in the receivables ledger control account?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) An increase in the allowance for receivables
Explanation
The allowance for receivables is kept in a separate account and is not posted to individual customer accounts, so it does not appear in the control account. Irrecoverable debts written off, cash received and sales returns all reduce the amounts owed by individual customers and are credited to the control account.
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