Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 32 - No. 42) | ExamPlay

Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 32 - No. 42)

What happens to the 'Sales Returns and Allowances' account when a customer returns merchandise?

Increases

Decreases

Remains the same

Is closed

Explanation

The Sales Returns and Allowances account increases when goods are returned.

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