Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 29 - No. 49)

How does a Sales Returns Journal help manage a business's financial data?

By recording cash payments made by customers.

By summarizing all transactions in chronological order.

By providing a detailed record of returned goods.

By tracking cash inflows and outflows from sales.

A sales return journal is a detailed record of the goods returned by customers.