NABTEB Accounting 2020 Objective — Question 47

Question 47 of 50 from the National Business and Technical Examinations Board (NABTEB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

The GH¢4,000 on the credit side of the trading account (Q45 data) is

A. carriage inwards
B. carriage outwards
C. returns inwardsCorrect
D. returns outwards

Explanation

Returns inwards (sales returns) are deducted from sales/appear on the credit side workings of the trading account.

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