J. Smith returned goods with a value of £2,250 to ABC's stores on 31/12/X0. The double entry to
Record this in ABC's books is as follows:

Name: J. Smith returned goods with a value of £2,250 to ABC's stores on 31/12/X0. The double entry to Record this in ABC's books is as follows:
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

When goods are returned by a customer, the sales returns account is debited to reduce sales, and the customer's account (J. Smith) is credited to reflect the reduction in the amount owed by the customer.

J Smith Returned Goods with a Value of £2,250 to ABC's