Which of the following specialized journals records “goods returned by customers”?

Related Mcqs:

Identify the correct sequence of accounting process

A. Communicating→Recording→Identifying B. Recording→Communicating→Identifying C. Identifying→communicating→recording D. Identifying→recording→communicating...

Office equipments account is classified as _________ account?

A. Nominal B. Real C. Cash D. Capital...

A chart of accounts generally start with which of the following types of accounts?

A. Assets accounts B. liability accounts C. Cash accounts D. Revenue accounts...

Revenue receipts are shown in___________?

A. Balance Sheet B. Profit and Loss appropriation A/c C. Manufacturing A/c D. Trading and Profit and Loss A/c...

Payments received in advance from a customer for a contract can be__________?

A. Shown as a deduction from contract work-in-progress on asset side B. Shown as a liability C. Credited to P&L A/c D. Either A. or B. above...