In sales ledger control account, returns inwards is usually

Accounts - Principles of Accounts

JAMB 2012

A. debited and debtors credited
B. credited and sales returns debited
C. debited and cash credited
D. credited and bank credited

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Correct Answer: Option B

Explanation

Remember sales ledger control accounts keeps count of all sales made on credit. If a customer returns goods that were sold on credit, we debit sales returns account and credit returns inwards

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In sales ledger control account, returns inwards is usually

Correct Answer: Option B

Explanation

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