Which of the following items is found on he credit side of a sales Ledger Control Account?
Answer Details
The item that is found on the credit side of a Sales Ledger Control Account is "interest on overdue accounts." This refers to the interest charged to customers who have not paid their accounts on time. When a customer is overdue, interest is charged on the outstanding amount until the account is settled. The interest charged is credited to the Sales Ledger Control Account, as it represents an income for the business.
The other options are not credited to the Sales Ledger Control Account. Credit sales are recorded on the debit side of the account, as they increase the amount owed by customers. Debtors cheques dishonoured are also recorded on the debit side, as they reduce the amount owed by customers. Bad debts written off are recorded on the debit side as well, as they represent a loss for the business.