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WAEC Financial Accounting 2026 Question 10

Question 10

Books of Original Entry

Return of goods sold on credit is posted to

  1. A.returns inwards journal.
  2. B.returns outwards journal.
  3. C.general journal.
  4. D.sales journal
Show the answer and explanation

Answer: A (returns inwards journal.)

Explanation

Goods sold and sent back by customers are returns inwards, recorded in the returns inwards journal.