The company returns goods to the supplier because they were the wrong colour. Which of the following is the correct double entry?
A) Dr. Trade payables Cr. Purchase returns
B) Dr. Purchase returns Cr. Trade payables
C) Dr. Trade receivables Cr. Sales returns
D) Dr. Sales returns Cr. Trade receivables
Correct Answer:
Verified
Q1: Which of the following is a book
Q3: The cash book:
A) Records cheques received and
Q4: A cash discount given to a customer
Q5: A trade discount:
A) Does not form part
Q6: On behalf of the business, you pay
Q7: Which of the following is not an
Q8: In the cash book a cheque written
Q9: In the cash book a cheque written
Q10: In the cash book a cheque written
Q11: In the cash book a cheque received
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