Accounting for IGCSE & O level - Accounting Procedures (Section 11 - No. 39)
If a customer pays a portion of their outstanding balance, how does this affect the Sales Ledger Control Account?
The account is debited.
The account is credited.
The account balance is unaffected.
The account is closed.
Explanation
A payment reduces the amount the customer owes, which is a credit to the Sales Ledger Control Account.
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