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Question

Goods worth Rs 2000 were returned to Sanjay but they were omitted to be recorded. Which of the following accounts shall be credited in this case?



Your Answer
A

Sanjay`s Account

Correct Answer
B

Purchase Return Account

Your Answer
C

Purchases Account

Your Answer
D

Sales account


Solution

The correct option is B

Purchase Return Account


Since purchase return account is short credited, it shall be credited to rectify this mistake.

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