Multiple Choice Questions on Treatment of return inwards is shown in trading account as ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Treatment of return inwards is shown in trading account as ........

General Accounting Principles Rectification of Errors
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    Treatment of return inwards is shown in trading account as-

    Deducted from purchases – Dr Side

    Incorrect Answer

    Deducted from sales – Dr side

    Incorrect Answer

    Deducted from purchases – Cr Side

    Incorrect Answer

    Deducted from sales – Cr side

    Correct Answer
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    Explanation:

    Return inwards is shown on the credit side of the Trading account by way of deduction from sales.

    By: Munesh Kumari
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