Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 9 - No. 44)
9. What is the impact on cash and inventory when the business receives a return of goods?
Increase in cash and increase in inventory.
Decrease in cash and increase in inventory.
No change on cash and increase in inventory.
Cannot be determined.
Explanation
Cash is not affected as the cash has not been changed and the inventory increases.
Comments (0)
