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Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. 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 Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. 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 Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. 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 Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Under sales on return or approval basis, when transactions are few and the seller at the end of the accounting year reverse the sale entry, then what will be the accounting treatment for the goods returned by the customers on a subsequent date?a)No entry will be passed for such return of goodsb)Entry for return of goods is passed by the sellerc)Only the stock account will be adjustedd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.