Accounting for IGCSE & O level - Accounting Procedures (Section 6 - No. 4)
A customer owes money and makes a payment. What entries are made to the accounts?
Debit Sales, Credit Cash.
Debit Customer, Credit Cash.
Debit Cash, Credit Sales.
Debit Cash, Credit Customer.
Explanation
Cash is debited as it is received and the Customer account is credited.
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