Accounting for IGCSE & O level - Accounting Procedures (Section 2 - No. 32)
What is the effect of granting a discount to a credit customer on the sales ledger?
The customer’s account balance decreases.
Sales revenue decreases.
The customer’s account balance increases.
Cost of goods sold decreases.
Explanation
The amount owed by the customer is reduced. Sales revenue is lowered.
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