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On the face of income statement , which account is substituting for purchases ac...
Posted by:
Moataz Elsabawy
10-October-2016

(a) Debiting Purchases Account and Crediting Customers Account.

(b) Debiting Customers Account and Crediting Sales Account.

(c) Debiting Sales Returns Account and Crediting Customers Account.

(d) Debiting Purchases Account and Crediting Sales Account

Customer Focus IFRS

Question ajoutée par Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
Date de publication: 2015/03/01

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4 Réponses

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN

par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

(c) Debiting Sales Returns Account and Crediting Customers Account

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miriam talavera

par miriam talavera , ADMINISTRATIVE ASISTANT , MARMOTECH, INC.

C IS MY KNOWLEDGE OF THE CORRECT ANSWER

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Utilisateur supprimé

par Utilisateur supprimé

The correct answer is.............................................................................................C

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Muhammad Ramzan Tufail ACCA

par Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(C) is the Correct Ans.

On Sale : Dr. Customer

Cr. To Sale

On Return: Dr. Sale Return

Cr. To Customer

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