Accounting for IGCSE & O level - Accounting Procedures (Section 18 - No. 26)
What type of entry should you make when a customer returns goods to the business?
Debit the Sales Ledger Control Account.
Credit the Sales Ledger Control Account.
No effect on the Sales Ledger Control Account.
None of the above.
Explanation
Returning goods reduces the amount owed, and is therefore a credit.
Comments (0)
