Is a refund to customer on the credit side of recivable ledger control account?

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1105510

2026-07-27 18:40

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No, a refund to a customer is recorded on the debit side of the receivable ledger control account. This is because a refund decreases the amount owed by the customer, reducing the overall receivables. On the credit side, you would typically record sales or payments received.

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