Accounting for IGCSE & O level - Accounting Procedures (Section 20 - No. 8)
In the sales ledger, a credit note issued to a customer would have which impact?
Increases the customer's balance.
Decreases the customer's balance.
No effect on the customer's balance.
Increases the sales ledger control account.
Explanation
A credit note lowers what the customer owes, so it decreases their balance.
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