Source of Receipts in Sales Ledger Control Account

Steps:

• Identify the sales ledger control account as a summary of debtors' balances, crediting receipts from customers.
• Recall that receipts reduce debtors and are recorded in the cash book for cash/bank transactions.
• Confirm the cash book provides the total amounts received, used to post to the control account.
• Verify other sources like bank statements or ledgers do not directly supply these aggregated receipt figures.

Why B is correct:

• The cash book is the primary record of all cash and bank receipts from customers, directly providing the totals needed to credit the sales ledger control account per double-entry bookkeeping principles.

Why the others are wrong:

• A. Bank statements verify transactions but do not categorize or total customer-specific receipts for ledger posting.
• C. Sales ledger accounts contain individual debtor details, not the summarized receipt totals for the control account.
• D. Statements of account are customer-facing summaries sent out, not internal sources for recording receipts.

Final answer: B