What are journal credits in the debtors reconciliation control account?

Journal credits in the debtors reconciliation control account refer to any credits that have been recorded in the account as a result of transactions related to debtors. These credits could include payments made by debtors, discounts given to debtors, or any other adjustments that result in a decrease in the amount owed by debtors. These credits are important for accurately reconciling the balance in the debtors reconciliation control account and ensuring that it reflects the true amount owed by debtors.

- Write-offs
- Payments by customers for previously written-off accounts receivable
- Receipt of notes from customers
- Customer credits (e.g., sales returns)