Goods returned by customer should be debited to which of the following accounts?

Related Mcqs:

Which of the following account with normal balance is shown at the debit side of a trial balance?

A. Rent income account B. Creditors account C. Unearned income account D. Cash account...

An asset posses which of the following?

A. Future economic benefits for the business B. All kind of benefits for the business C. Expenses for the business D. Merits and Demerits for the business...

The concept of conservatism will have the effect of______________?

A. Overstatement of Assets B. Understatement of Assets C. Overstatement of Liabilities D. Understatement of Liabilities...

Which of the following error is an error of principle

A. 5,000 received from Sham credited to Ram A/c B. 5,000 incurred on installation of new plant debited to travelling expenses A/c C. 500 paid for wages debited to salary A/c D. 500 being purchase of raw material debited to purchase A/c ` 50...

Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________?

A. Cheque issued but not presented B. Cheque issued but dishonoured C. Cheque deposited and credited by bank D. Both A. and B....