Accounting for IGCSE & O level - Accounting Procedures (Section 15 - No. 4)
If a company sells goods for cash, what is the correct entry in the sales ledger?
Debit customer's account, credit sales.
Credit customer's account, debit sales.
No entry in the customer's account.
Debit cash account, credit sales.
Explanation
Cash sales do not affect the individual customer's account in the sales ledger.
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