What is the journal credits column in the debtors reconciliation control account on the credit side ?
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Apr 22
The journal credits column in the debtors reconciliation control account on the credit side represents all the credit entries made to the account during a specific period. These credits could include payments received from debtors, discounts given, or any other credit transactions related to the debtors. The total of the journal credits column on the credit side should match the total credits in the individual debtor accounts to ensure accuracy and reconciliation.