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
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The necessary accounts to be opened on the issue of ordinary share capital are? ...
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Cash discount received is shown in the i. Cash ii. Discount Received Account iii. Sup...
Which of the following items is found in the credit column of the trial balance? ...
Cash discount is often recorded on? ...
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