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Refund in cash to credit customers

This scenario has come up on one of the green light questions and I'm stumped.

Please can someone walk me through the journals when a refund in cash is made to a credit customer. The question in particular wanted to know what the impact (if any) would be on the Purchase Ledger and/or Purchase Ledger Control Account.



  • N4TN4T AAT Student Posts: 191
    I would say none. It'll be your sales ledger that would be affected not purchase ledger. Customers = sales ledger, suppliers = purchase ledger.
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