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Which of the following is not a main column of sales or return journal?
- a)Goods sent on approval column
- b)Goods returned column
- c)Goods approved column
- d)Purchase column
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Which of the following is not a main column of sales or return journal...
Explanation:
The main columns of a sales or return journal typically include:
A: Goods sent on approval column: This column is used to record goods that are sent to customers on a trial basis. The sales or return journal will include a column for recording the details of these transactions.
B: Goods returned column: This column is used to record goods that are returned by customers. It is important to track returns separately to monitor the frequency of returns and identify any issues with the products or services.
C: Goods approved column: This column is not a main column of a sales or return journal. It is not a commonly used column in these types of journals and does not serve a necessary purpose in recording sales or returns.
D: Purchase column: This column is not a main column of a sales or return journal. The purchase column is typically used in a purchase journal to record purchases made by the company.
Therefore, the correct answer is D: Purchase column is not a main column of a sales or return journal.
The main columns of a sales or return journal typically include:
A: Goods sent on approval column: This column is used to record goods that are sent to customers on a trial basis. The sales or return journal will include a column for recording the details of these transactions.
B: Goods returned column: This column is used to record goods that are returned by customers. It is important to track returns separately to monitor the frequency of returns and identify any issues with the products or services.
C: Goods approved column: This column is not a main column of a sales or return journal. It is not a commonly used column in these types of journals and does not serve a necessary purpose in recording sales or returns.
D: Purchase column: This column is not a main column of a sales or return journal. The purchase column is typically used in a purchase journal to record purchases made by the company.
Therefore, the correct answer is D: Purchase column is not a main column of a sales or return journal.
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Which of the following is not a main column of sales or return journal?a)Goods sent on approval columnb)Goods returned columnc)Goods approved columnd)Purchase columnCorrect answer is option 'D'. Can you explain this answer?
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