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Goods of the value of ₹2,500 returned by a customer were entered in the Sales day Book and posted therefrom to the credit of his account.?
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Goods of the value of ₹2,500 returned by a customer were entered in th...
Explanation:

Goods Returned by Customer:
- When a customer returns goods to the seller, it is recorded in the Sales day Book.
- In this case, goods worth ₹2,500 were returned by a customer.

Entry in Sales Day Book:
- The return of goods is recorded in the Sales day Book to keep track of all transactions.
- The entry will show the details of the goods returned, the value of the goods, and the customer's name.

Posting to Customer's Account:
- Once the entry is made in the Sales day Book, it is posted to the customer's account in the ledger.
- The amount is posted to the credit side of the customer's account as it represents a return of goods.

Impact on Accounts:
- The return of goods will reduce the sales revenue for the period.
- The customer's accounts payable balance will decrease due to the return of goods.

Conclusion:
- Recording the return of goods in the Sales day Book and posting it to the customer's account ensures accurate financial reporting and helps in tracking customer transactions effectively.
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Goods of the value of ₹2,500 returned by a customer were entered in the Sales day Book and posted therefrom to the credit of his account.?
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