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

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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/20
Sonia Younas
by Sonia Younas , Steward , Blackburn Rovers Football Club

Answer is B: Sales Returns Account will be debited.

Mansoor Bajwa
by Mansoor Bajwa , Accounts Officer , Sefam (Pvt.) Ltd

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

Tranquilino Jr Rivera
by Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

Answer is B. Sales Return account

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

Samuel Loveday
by 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
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

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

Deleted user
by Deleted user

the answer to your question is B) Sales Return Account

Tanveer Hussain
by 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
by Zehab Osman , Accountant , Aldar Consultancy Co.

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

Nishita George
by Nishita George , Audit Assistant

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

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