Accounting for IGCSE & O level - Accounting Procedures (Section 22 - No. 33)
If a business grants a customer a discount, what's the impact on the Sales Ledger Control Account?
The account is debited.
The account is credited.
The account balance is unaffected.
The balance is reduced.
Explanation
Granting a discount decreases the amount owed by the customer, resulting in a credit entry.
Comments (0)
