debtors’ ledger control account

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A nominal ledger (or general ledger) control account that records the totals of entries made to the individual debtors’ ledgers from the sales day book and the cash receipts journal. The total on the debtors’ ledger control account is periodically compared with the sum total of individual debtors’ ledger accounts as part of the internal control system. The debtors’ ledger control account should always equal the total of the individual debtors’ ledger amounts.

Subjects: Accounting.

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