A/R

Receipt Entry

Allocate what came in against what is owed. The debtors control account falls by exactly what is allocated and the bank rises by the same, in one journal.

|◀ ◀ AVC01 ▶ ▶|

AR1200

AVC01

Australian Vinyls Corporation Pty Ltd

Laverton North VIC · 30 days EOM · major account

Customer No.

Receipt Date

Bank Account

Reference

Banked By

Amount Received

Allocate against Oldest first · anything unallocated stays on the ledger

	Invoice	Order	Due	Age	Invoiced	Received	Outstanding
1	INV-11030	SO-01030	30 Aug 2026	Current	$191,532.00	—	$191,532.00
2	INV-11043	SO-01043	30 Aug 2026	Current	$42,812.00	—	$42,812.00
3	INV-11052	SO-01052	30 Aug 2026	Current	$288,571.39	—	$288,571.39

Banking this posts one journal: debit the bank account, credit 1100 Trade Debtors. The aged trial balance and the control account both move because they are the same figure.

Owed by this account$522,915

Allocated$0.00

Unallocated$0.00

Left owing$522,915