Accounting for IGCSE & O level - Accounting Procedures (Section 2 - No. 9)
What is the impact of a customer paying their account by check (which does not bounce) on the sales ledger?
The customer's account is debited.
The customer's account is credited.
Trade receivables decrease.
Cash in the bank increases.
Explanation
The customer's account is credited, and the customer owes less money.
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