Accounting for IGCSE & O level - Accounting Procedures (Section 26 - No. 9)
Consider the following transactions for a business: sales returns, customer payments received, and bad debt write-offs. Which of these would be debited to a Sales Ledger Control Account?
Sales returns.
Customer payments received.
Bad debt write-offs.
None of the above.
Explanation
Bad debt write-offs reduce receivables, thereby decreasing the total amount owed to the company, which necessitates a debit to the Sales Ledger Control Account.
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