Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 5)
Which is the impact on the sales ledger when a customer returns goods?
Customer’s balance increases, sales increase.
Customer’s balance increases, sales decrease.
Customer’s balance decreases, sales increase.
Customer’s balance decreases, sales decrease.
Explanation
The customer owes less money, sales are reduced through the sales returns account.
Comments (0)
