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Debtor's journals are used to record credit sales. This lesson will teach you how to account for these records.
Up Next in Term 2
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Preparing a debtors allowance journal
Similar to the debtor's journal but different as the sales column is replaced with the debtor’s allowance.
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Recording debtors payments and settem...
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.
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Credit sales recap
We continue to learn how to record debtors payments and settlements and we recap on credit sales.
