Accounting for IGCSE & O level - Accounting Procedures (Section 14 - No. 15)
If a customer overpays an invoice, how is this reflected in the Sales Ledger Control Account?
The account is debited.
The account is credited.
The account balance is unaffected.
The overpayment is ignored.
Explanation
An overpayment decreases the amount the customer owes, leading to a credit entry.
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