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The Sales Returns Book records
- a)the return of goods purchased,
- b)return of anything purchased,
- c)return of goods sold.
Correct answer is option 'C'. Can you explain this answer?
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The Sales Returns Book recordsa)the return of goods purchased,b)return...
Sales Returns Book records:
- The return of goods purchased.
- The return of goods sold.
Explanation:
- The Sales Returns Book is a record-keeping document used to track and document the return of goods in a business.
- It specifically records the returns of goods that were originally purchased or sold by the company.
- Goods can be returned for various reasons, such as defects, damages, or customer dissatisfaction.
- The Sales Returns Book helps businesses keep track of these returns for accounting and inventory purposes.
- The book typically includes information such as the date of return, the name of the customer, the description of the goods, the reason for return, and any associated financial transactions.
- By recording these returns, businesses can analyze trends and patterns in returns, identify any recurring issues with products, and adjust their operations accordingly.
- It is important for businesses to maintain an accurate and up-to-date Sales Returns Book to ensure proper accounting and inventory management.
- Overall, the Sales Returns Book plays a crucial role in tracking and documenting the return of goods in a business, whether they were originally purchased or sold.
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- The return of goods purchased.
- The return of goods sold.
Explanation:
- The Sales Returns Book is a record-keeping document used to track and document the return of goods in a business.
- It specifically records the returns of goods that were originally purchased or sold by the company.
- Goods can be returned for various reasons, such as defects, damages, or customer dissatisfaction.
- The Sales Returns Book helps businesses keep track of these returns for accounting and inventory purposes.
- The book typically includes information such as the date of return, the name of the customer, the description of the goods, the reason for return, and any associated financial transactions.
- By recording these returns, businesses can analyze trends and patterns in returns, identify any recurring issues with products, and adjust their operations accordingly.
- It is important for businesses to maintain an accurate and up-to-date Sales Returns Book to ensure proper accounting and inventory management.
- Overall, the Sales Returns Book plays a crucial role in tracking and documenting the return of goods in a business, whether they were originally purchased or sold.
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The Sales Returns Book recordsa)the return of goods purchased,b)return of anything purchased,c)return of goods sold.Correct answer is option 'C'. Can you explain this answer?
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The Sales Returns Book recordsa)the return of goods purchased,b)return of anything purchased,c)return of goods sold.Correct 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 Sales Returns Book recordsa)the return of goods purchased,b)return of anything purchased,c)return of goods sold.Correct 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 Sales Returns Book recordsa)the return of goods purchased,b)return of anything purchased,c)return of goods sold.Correct answer is option 'C'. Can you explain this answer?.
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