WAEC Accounting 2015 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.
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Goods returned to a supplier is
- A. debited to Returns Outwards Account
- B. credited to Returns Outwards AccountCorrect
- C. debited to Returns Inwards Account
- D. credited to Returns Inwards Account
Explanation
Goods returned to suppliers (returns outwards) is treated as: Dr Suppliers Account, Cr Returns Outwards Account.
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