If sales return is understated, it implies that ---------...
If sales return is understated, it implies that ------------------------------ is overstated
Return inward
Sales figure
Cost of sales
Return outward
Correct answer is B
This is so because returns inwards are deducted from sales to ascertain the actual sales made after subtracting defected goods
In the final account of a limited liability company, debenture interest paid is recorded in the ...
Net profit of a sole proprietor is transferred to the ...
How are credit sales by a department treated? ...
Use the information to answer the given question. RECEIPTS AND PAYMENTS ACCOUNT: \(\begin{array}{...
₦ Manufacturing wages 42000 ...
In which of the following is purchase of fixed assets on credit first recorders? ...
In company account, dividend payments are effected in which of the following accounts? ...
Trading Account of Umeh Enterprises for the year ended 31st December 2019 ...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...