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Question

Return of goods by a customer should be debited to __________.
  1. Customers Account
  2. Sales Return Account
  3. Goods Account
  4. Purchase Account

A
Customers Account
B
Sales Return Account
C
Goods Account
D
Purchase Account
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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