Accounting for IGCSE & O level - Accounting Procedures (Section 17 - No. 19)
What is the effect of a credit sale on the Sales Ledger Control Account?
Debit the account.
Credit the account.
No effect on the account.
Closes the account.
Explanation
A credit sale increases the amount owed by the customer, which is recorded as a debit.
Comments (0)
