Home
Class 11
ACCOUNTS
The periodic total of sales return journ...

The periodic total of sales return journal is posted to :

A

Sales account

B

Goods account

C

Purchases return account

D

Sales return account

Text Solution

Verified by Experts

The correct option is C
Debit
Sales return account is always debited with the amount of sales return.
Promotional Banner

Topper's Solved these Questions

  • RECORDING OF TRANSACTIONS-II

    NCERT|Exercise FILL IN THE CORRECT WORDS :|11 Videos

  • RECORDING OF TRANSACTIONS-II

    NCERT|Exercise TRUE OR FALSE|12 Videos

  • RECORDING OF TRANSACTIONS-II

    NCERT|Exercise Illustration 8|1 Videos

  • RECORDING OF TRANSACTIONS-I

    NCERT|Exercise Long|7 Videos

  • THEORY BASE OF ACCOUNTING

    NCERT|Exercise All Questions|18 Videos

Similar Questions

Explore conceptually related problems

The periodic total of purchases return journal is posted to :

The periodic departure and return is known as

Correct the following errors in Hari's Books: (i) Credit sale of Rs. 132 to R. Krishan correctly entered in Sales Journal but posted to his account as Rs. 312. (ii) The total of the credit side of Ramesh's Account was overcasted by Rs. 2,000. (iii) Total of the Purchases Journal of Rs. 5,250 has been posted to Purchases Account as Rs. 5,205. (iv) Printer purchased from R. Ltd. for Rs. 4,000 on credit was entered in the Purchases Book. (v) An item of Rs. 2,000 entered in the Sales Return Book was posted to the debit of Pandey who had returned the goods.

Give rectifying entries for the following: (i) Rs. 5,400 received from Mr. A was posted to the credit of his account. (ii) The total of Sales Return Book overcasted by Rs. 800. (iii) Rs. 2,740 paid for repairs to motor car was debited to Motor Car Account as Rs. 1,740. (iv) Returned goods to Shyam Rs. 1,500 were passed through Returns Inward Book.