Credit notes issued by us will be entered in our (A) Sales Account (B) Returns Inwards Account
Question:
Credit notes issued by us will be entered in our
(A) Sales Account
(B) Returns Inwards Account
(C) Returns Inwards Journal
(D) Returns Outwards Journal.
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The correct option is B Returns Inwards Account When a credit note is issued it indicates that a cus...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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