CA Foundation Exam > CA Foundation Questions > The Sale Returns Book recordsa)The return of ...
Start Learning for Free
The Sale Returns Book records
- a)The return of goods purchased
- b)Return of anything purchased,
- c)Return of goods sold.
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
The Sale Returns Book recordsa)The return of goods purchasedb)Return o...
The Sale Returns Book
The Sale Returns Book is a type of subsidiary book used in accounting. It is used to record the return of goods sold to customers. The book is also known as the Return Inward Book or the Sales Return Book.
Purpose of the Sale Returns Book
The purpose of the Sale Returns Book is to record the returns of goods sold to customers. It is important to keep track of these returns because they affect the revenue and cost of goods sold. The book provides a record of the returns so that they can be properly accounted for in the financial statements.
What is recorded in the Sale Returns Book?
The Sale Returns Book records the return of goods sold. This means that it only records the returns of goods that were previously sold to customers. It does not record the return of anything else, such as office supplies or equipment.
Why is option C the correct answer?
Option C is the correct answer because the Sale Returns Book records the return of goods sold. It does not record the return of goods purchased or anything else purchased. The book is used to keep track of the returns of goods sold to customers and is an important tool in accounting for these returns.
The Sale Returns Book is a type of subsidiary book used in accounting. It is used to record the return of goods sold to customers. The book is also known as the Return Inward Book or the Sales Return Book.
Purpose of the Sale Returns Book
The purpose of the Sale Returns Book is to record the returns of goods sold to customers. It is important to keep track of these returns because they affect the revenue and cost of goods sold. The book provides a record of the returns so that they can be properly accounted for in the financial statements.
What is recorded in the Sale Returns Book?
The Sale Returns Book records the return of goods sold. This means that it only records the returns of goods that were previously sold to customers. It does not record the return of anything else, such as office supplies or equipment.
Why is option C the correct answer?
Option C is the correct answer because the Sale Returns Book records the return of goods sold. It does not record the return of goods purchased or anything else purchased. The book is used to keep track of the returns of goods sold to customers and is an important tool in accounting for these returns.
Free Test
FREE
| Start Free Test |
Community Answer
The Sale Returns Book recordsa)The return of goods purchasedb)Return o...
See what's written there 'Sales Return Book' it means that the sales we have made earlier is returned back to us . so that's why correct option is "C" means return of sold goods.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
Question Description
The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
Solutions for The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The Sale Returns Book recordsa)The return of goods purchasedb)Return of anything purchased,c)Return of goods sold.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup