The return of goods by the customer should be debited to

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Question:
The return of goods by the customer should be debited to

1.Customer a/c

2.Sales return a/c

3.Goods a/c

4.Purchase return a/c

Posted Date:-2021-10-26 19:27:32

More MCQS Questions and answers

  1. A capital budgeting technique that is NOT considered as discounted cash flow method is:
  2. ABC’s and XYZ’s debt-to-total assets ratio is 0.4. What is its debt-to-equity ratio?
  3. Accounting concepts are based on
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  5. All costs other than direct materials cost, direct labour cost and direct expenses are known as:
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  7. Book keeping is mainly concerned with
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  9. Break even analysis is also called
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  13. Current ratio is 2:5.Current Liability is Rs.30,000.The Net working Capital is
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  15. Financial account record only
  16. Financial account state the ______________ position of a concern.
  17. Financial accounting deals with:
  18. Financial leverage means
  19. Fixed assets and current assets are categorized as per concept of:
  20. If a company has contingent liabilities, they appear in the _____
  21. Journal Entries are known as book of ______________ Entry.
  22. Modern Method of Accounting was introduced by
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  25. Process that involves decision making with respect to investment in fixed asset
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  42. When a Bond's Yield to Maturity is greater than the Bond's Coupon Rate, the Bond
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  55. ______________ means expanding the number of investments which cover different kinds of stocks.
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