When sales returns occur,they are debited to the sales account.

Name: When sales returns occur,they are debited to the sales account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When sales returns occur, they are credited to the sales account and debited to the sales returns account. This is because sales returns represent a decrease in revenue (which is recorded in the sales account), but also represent an increase in expenses (which are recorded in the sales returns account).

When Sales Returns Occur,they Are Debited to the Sales Account