Question

    Goods returned by customer will be debited to which

    account?
    A Purchases A/C Correct Answer Incorrect Answer
    B Return outward Correct Answer Incorrect Answer
    C Customer’s A/C Correct Answer Incorrect Answer
    D Return inward Correct Answer Incorrect Answer

    Solution

    The return inward account is an important account in the accounting records of a business as it helps to track the amount of sales revenue that is being returned by customers or allowances that are being granted to customers.

    Practice Next

    Relevant for Exams: