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The return of goods by a customer should be debited to:?

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تم إضافة السؤال من قبل Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
تاريخ النشر: 2015/06/20
Sonia Younas
من قبل Sonia Younas , Steward , Blackburn Rovers Football Club

Answer is B: Sales Returns Account will be debited.

Mansoor Bajwa
من قبل Mansoor Bajwa , Accounts Officer , Sefam (Pvt.) Ltd

Return by customer should be debited to Sales return account. B option

Tranquilino Jr Rivera
من قبل Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

Answer is B. Sales Return account

Shahbaz Hayder
من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

Samuel Loveday
من قبل Samuel Loveday , Management Accountant , Mopheth Nigeria Limited

SINCE YOU CAN NOT ALTER THE SALES ACCOUNT AFTER A TRANSACTION HAS BEEN ENTERED ALL YOU NEED TO DO IS TO OPEN A SALES RETURNS ACCOUNT . THIS AMOUNT WILL BE CREDITED TO THE TRADING ACCOUNT IN OTHER TO DETERMINE THE ACCURATE TOTAL SALES.

Shazia Anees
من قبل Shazia Anees , Assistant Manager Finance , Arham Trading Company

Option B ==================================

مستخدم محذوف‎
من قبل مستخدم محذوف‎

the answer to your question is B) Sales Return Account

Tanveer Hussain
من قبل Tanveer Hussain , Accounts Manager , Kamran Group of Companies

Right answer is following here.

B) Sales return account 

 

Explanation: Sales return account (Dr.) and customer's account (Cr.)

Zehab Osman
من قبل Zehab Osman , Accountant , Aldar Consultancy Co.

B---------------------------------------------------

Nishita George
من قبل Nishita George , Audit Assistant

Sales returns accounts will be debited and customers account will be credited

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