In this section
In this section we shall look at how receipts from credit customers are checked against the customers’ accounts in the Sales Ledger so that we can keep track of which invoices have been paid and which are still owed to the business by its customers.
We shall also look at how payments to credit suppliers are calculated and set against invoices so that the business stays up to date and takes the appropriate discount when appropriate
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6.03 Receipts and payments on credit questions and answers
