Accounting for IGCSE & O level - Accounting Procedures (Section 2 - No. 1)
What entry should be made in the sales ledger if a customer returns goods to the business?
Debit Customer’s account, Credit Sales Returns.
Credit Customer’s account, Debit Sales Returns.
Debit Sales Returns, Credit Customer's account.
Credit Sales, Debit Customer's account.
Explanation
The customer’s balance decreases.
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