Explain how a credit balance might arise in a sales ledger account.

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Cambridge International AS And A Level Accounting

ISBN: 9781444181432

1st Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 01:10 PM

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Explain how a credit balance might arise in a sales ledger account.

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A credit balance in a sales ledger account typically arises when the amount of credit or payments received from customers exceeds the total outstandin...View the full answer

Cambridge International AS And A Level Accounting

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