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If sales return is understated, it implies that ------------------------------ is overstated

Accounts - Principles of Accounts
JAMB 2015
If sales return is understated, it implies that ------------------------------ is overstated
  • A. return inward
  • B. sales figure
  • C. cost of sales
  • D. return outward
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Correct Answer: Option B
Explanation
This is so because returns inwards are deducted from sales to ascertain the actual sales made after subtracting defected goods
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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