Accounting for IGCSE & O level - Accounting Procedures (Section 22 - No. 31)
If a customer returns goods previously purchased on credit, what is the effect on the Sales Ledger Control Account?
The account is debited.
The account is credited.
There is no effect on the account.
The balance is zeroed out.
Explanation
Returning goods decreases the amount owed, which requires a credit entry.
Comments (0)
