Accounting for IGCSE & O level - Accounting Procedures (Section 21 - No. 22)
If a business allows a customer a discount on their purchase, how does this affect the sales ledger?
Increases the customer's account.
Decreases the customer's account.
No impact on the customer's account.
It affects only the sales control account.
Explanation
A discount reduces the amount owed, thereby reducing the customer's account balance.
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