Goods returned by the buyer is recorded in the seller'...
Goods returned by the buyer is recorded in the seller's book as
Carriage inwards
Carriage outwards
Returns outwards
Returns inwards
Correct answer is D
Returns inwards refer to goods returned to the selling entity by the customer/buyer due to one reason or the other. The goods would be recorded by the seller in the returns inwards account.
Given: I. Cash refunds II. Debit note issued III. Dishonored cheque IV...
The issued share capital is the number of shares that are ...
......................... Departments ........................... &...
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Which of the following is a not revealed by a firm's accounting records? ...