A business is preparing a sales ledger control account.
Which statements are correct?
1 All sales are debited to the sales ledger control account.
2 Contra entries are credited to the sales ledger control account.
3 Discounts allowed are credited to the sales ledger control account.
4 The allowance for irrecoverable debts is credited to the sales ledger control account.
1 )
1 and 2
2 )
1 and 3
3 )
2, 3 and 4
2 and 3 only
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