Question
Goods returned by customer will be debited to which
account?Solution
Goods returned by a customer are recorded in the "Return Inward" account. This account is used to track the value of goods that customers have returned to the business. It reduces the overall sales revenue. By debiting the Return Inward account, the company acknowledges the reduction in sales and properly reflects the returned goods in its financial records.
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II) Only four p...
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How many persons are seated in a table (Including unknown persons)?
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