wiz-icon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

The periodic total of sales return journal is posted to_________.

A
Sales Account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Goods Account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Purchase return account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Sales return account
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is C Sales return account
Posting to the sales return journal requires that the customer's account be credited with the amount of return and the sales return account be debited with the periodic total in the same way as is done in case of posting from purchase journal.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Special Journal
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon