Goods returned by the buyer is recorded in the seller's book as

Accounts - Principles of Accounts

WAEC 2011

A. carriage inwards
B. carriage outwards
C. returns outwards
D. returns inwards

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Correct Answer: Option D

Explanation

Returns inwards refer to goods returned to the selling entity by the customer/buyer due to one reason or the other. The goods would be recorded by the seller in the returns inwards account.

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Goods returned by the buyer is recorded in the seller's book as

Correct Answer: Option D

Explanation

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