In a question, Allowance to customer on goods damaged in transit, has been credited to RLCA. Can you tell sir why it is crediting?
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Receivables Ledger and Control Account
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5y ago#2The allowance means that, for example, instead of charging $100 you have agreed to charge only $60. So, the debt has been reduced by $40 and this has to be reflected by crediting the customer's account in the RL and also the RLCA.
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