Vidyalelo
Commerce · Q331

Accounting

Graduate and Post Graduate · Commerce · question 331

Q331

When the goods are returned to a supplier

A.
A Debit note is sent to him
Answer
B.
An Account sale is sent to him
C.
A receipt is sent to him
D.
Either 'b' or 'c'

Answer: Option A

Solution

Answer: Option A
Solution:
When the goods are returned to a supplier a Debit note is sent to him which indicates that his/her account has been debited with the repective amount.