A. Purchase return
B. Customer return
C. Sales return
D. Inventory return
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Related Mcqs:
- Goods return to supplier are known as:__________?
- A. Merchandise return B. Purchase return C. Return inwards D. Sales return...
- If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then
- A. Net Profit will decrease by 3,140 B. Gross Profit will increase by 3,320 C. Gross Profit will decrease by 3,500 D. Gross Profit will decrease by 3,320...
- Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
- A. 1,600 B. 1,500 C. 1,000 D. 1,800 Updated by: Mohammad Ejaz...
- Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?
- A. 5,80,000 B. 5,50,000 C. 5,00,000 D. 5,75,000...
- Goods returned by customer should be debited to which of the following accounts?
- A. Sales income account B. Sales account C. Return inward account D. Expenses account...
- Sales return is also known as____________?
- A. Return received B. Return Payed C. Return inward D. Return outward...
- Average Accounting Return is a measure of accounting profit relative to:
- A. Book value B. Intrinsic value C. Cost D. Market value...
- If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.
- A. 0.65 B. 0.35 C. 1.50 D. 5.29...
- The person to whom goods are sold on credit is called___________?
- A. Buyer B. Seller C. Debtor D. Creditor...
- The concession received on the price of defective goods is called:
- A. Discount B. Cash discount C. Allowance D. Trading discount...
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The correct answer to the question: "Goods Return by the customer are termed as :" is "Sales return".