Question

    Which of the following account has a Credit Balance?

    A Return Inward Correct Answer Incorrect Answer
    B Carriage Inward Correct Answer Incorrect Answer
    C Carriage Outward Correct Answer Incorrect Answer
    D Return Outward Correct Answer Incorrect Answer

    Solution

    Return Outward is basically Purchase return and has a credit balance rest all the other accounts have debit balance.

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