Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 29)
Which journal entry is needed if a customer returns goods purchased on credit?
Debit Sales Returns, Credit Accounts Receivable
Debit Accounts Receivable, Credit Sales Returns
Debit Sales, Credit Accounts Receivable
Debit Accounts Receivable, Credit Sales
Explanation
When goods are returned, reduce the customer account by crediting the account and debiting sales returns
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