Why does a business keep both a sales ledger control account and individual sales ledger
accounts for credit customers?
1 to check accuracy of the sales journal
2 to check accuracy of the individual customer accounts
3 to ensure payments have been received from customers
4 to monitor whether customers have exceeded their credit limits
1 )
1, 2 and 3
1 and 2 only
3 )
2 and 3 only
4 )
3 and 4
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