Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 11 - No. 28)
What is the purpose of debit entries on a trade receivable account?
To increase the amount owed to the business by customers.
To decrease the amount owed to the business by customers.
To increase the amount owed to the business by the business.
To decrease the amount owed to the business by the business.
Explanation
A debit entry on a trade receivable account increases the amount the customer owes to the business.
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