Accounting for IGCSE & O level - Accounting Procedures (Section 24 - No. 7)
Which of the following events would *decrease* the debit balance of a Sales Ledger Control Account?
Cash sales to customers.
Customer payments received.
Sales on credit.
Issuance of credit notes.
Explanation
Customer payments reduce the amount owed, therefore decreasing the debit balance in the Sales Ledger Control Account.
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