Goods returned to the supplier is recorded in the account...
Goods returned to the supplier is recorded in the accounts as: debit
Sales Returns Account; credit Suppliers' Account
Purchases Returns Account; credit Supplier's Account
Supplier's Account; credit Purchases Returns Account
Supplier's Account; credit Purchases Account
Correct answer is C
No explanation has been provided for this answer.
The realization concept states that ...
Use the information to answer the given question. \(\begin{array}{c|c} & D\\ \hline \text{O...
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The concept that has much influence over asset valuation and income determination is? ...
\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...