Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 30 - No. 1)
Which of the following are essential in the sales returns journal?
Date of return, customer name, credit note number, amount of the credit.
Customer name, Cash received, Inventory Value, Sales Price.
Sales Price, Sales Invoice number, Customer Account Number, and Invoice Date
Sales invoice number, Description of items, Terms of Sales, and Discount offered
Explanation
All these items are important in the sales return journal to accurately reflect the returns.
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