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.

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