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Goods returned to the supplier is recorded in the accounts as: debit

Accounts - Principles of Accounts
WAEC 2021

Goods returned to the supplier is recorded in the accounts as: debit

  • A. Sales Returns Account; credit Suppliers' Account
  • B. Purchases Returns Account; credit Supplier's Account
  • C. Supplier's Account; credit Purchases Returns Account
  • D. Supplier's Account; credit Purchases Account
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Correct Answer: Option C
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