The value of the sales ledger control account is derived from the summation of
Answer Details
The value of the sales ledger control account is derived from the summation of the total debtors' accounts.
A sales ledger control account is a summary of all the individual accounts that a business has with its customers. It is used to monitor the total amount of money owed to the business by its customers (also known as debtors) at any given time.
In order to calculate the balance of the sales ledger control account, you need to add up the individual balances of all the debtor accounts in the ledger. These balances represent the total amount of money owed to the business by its customers.
It is important to note that the sales ledger control account only includes information about the amounts owed by customers to the business, and does not include information about the amounts owed by the business to its suppliers (also known as creditors). The total amount owed to suppliers is recorded in a separate account, called the purchase ledger control account.
Therefore, the correct option is: the total debtors' account.