Debtor's journals are used to record credit sales. This lesson will teach you how to account for these records.
Similar to the debtor's journal but different as the sales column is replaced with the debtor’s allowance.
The debtor will either make a full payment called a settlement or a part payment called installments. This lesson will go into details on how the receipts from the payment/s are recorded as a source document in the CRJ.
We continue to learn how to record debtors payments and settlements and we recap on credit sales.
