English, asked by raghunandankale8138, 1 month ago

Customer goods returned should
credited to:​

Answers

Answered by gauravstudentrsid
1

Answer:

Hello friend

Goods returned by customer should be debited to Return inward account

Record the Sales Return Transaction

Debit sales returns and allowances by the selling price. Debit the appropriate tax liability account by the taxes collected on the original sale. Credit cash or accounts receivable by the full amount of the original sales transaction.

thank u

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