Accounting for IGCSE & O level - Accounting Procedures (Section 14 - No. 3)
If a customer makes a cash payment, which of the following is the correct accounting treatment?
Debit customer account, credit cash
Credit customer account, debit cash
No entry in the customer account
Debit sales account, credit cash
Explanation
The customer account is credited (reducing what they owe), and cash is debited (cash increase).
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