Return of goods by a customer should be debited to __________.
Customers Account
Sales Return Account
Goods Account
Purchase Account
A
Purchase Account
B
Sales Return Account
C
Customers Account
D
Goods Account
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Solution
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A transaction in which the goods is returned by the customer due to various reasons is called sales return.
Accounting entry need to be passed against the sales return is as follows:
Sales return A/c Dr.
To Customer A/c
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