A credit balance may appear on a sales ledger account when:
A) The business has paid a refund to a customer.
B) The business has overpaid a customer.
C) The customer has returned the goods after paying for them.
D) The supplier has overpaid his account.
Correct Answer:
Verified
Q1: The balance on a purchases control account
Q2: The purpose of a sales ledger control
Q4: A debit entry of £50 on A's
Q5: In a credit customer's account in the
Q6: In the accounts of X, which of
Q7: In 20X0, in the accounts of X,
Q8: In the accounts of X, which of
Q9: At the beginning of an accounting period
Q10: The closing balance should equal £15,050 when
Q11: Which of the following statements is not
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents