Credit notes received are source documents for........
Credit notes received are source documents for........
Returns inwards journal
Returns outwards journal
Purchase journal
Sales journal
Correct answer is A
Credit notes are given to a buyer/customer by the seller for goods returned. Since the goods are returned to the seller, it is recorded in the returns inwards journal.
A rent ₦12,000 was paid by Taiwo to his landlord by cheque. The double entry in Taiwo's books ...
Cost of goods sold is calculated as................... ...
In a not-for-profit making organization, the cash book is summarized in the form of ...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...