Accounting for IGCSE & O level - Accounting Procedures (Section 10 - No. 45)
What is the impact of a cash sale on the customer's account in the sales ledger?
Increases the balance.
Decreases the balance.
No effect on the balance.
The account is closed
Explanation
Cash sales are recorded by debiting cash and crediting sales revenue and do not impact individual customer accounts within the sales ledger.
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