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GCE Financial Accounting 1990 Question 27

Question 27

Books of Original Entry

A credit note from a supplier for damaged goods would first be entered in the

  1. A.purchases day book
  2. B.sales day book
  3. C.cash book
  4. D.returns inwards book
  5. E.Returns outwards book.
Show the answer and explanation

Answer: E (Returns outwards book.)

Explanation

Goods we send back to a supplier are returns outwards, recorded first in the returns outwards book.