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Question
Return of goods by a customer should be debited to __________.
Return of goods by a customer should be debited to __________.
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Solution
The correct option is B Sales Return Account
A transaction in which the goods is returned by the customer due to various reasons is called sales return. Accounting entry need to be passed against the sales return is as follows:
Sales return A/c Dr. To Customer A/c
A transaction in which the goods is returned by the customer due to various reasons is called sales return.
Accounting entry need to be passed against the sales return is as follows:
Sales return A/c Dr.
To Customer A/c
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