Accounting for IGCSE & O level - Accounting Procedures (Section 16 - No. 7)
If a business sells goods on credit, how does this affect the Sales Ledger Control Account?
The account is debited.
The account is credited.
The account balance remains unchanged.
The balance goes to zero.
Explanation
Selling goods on credit increases the amount owed by customers, which is recorded as a debit in the Sales Ledger Control Account.
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