A. Return received
B. Return outward
C. Return inward
D. Return Payed
Return inwards refer to the goods returned to an organization by its customers. They are goods which were sold, but usually, because of being unsatisfactory, were returned back by the customers. They are also called the Sales returns.
A. Difference between income and expenditure
B. Total of cash available
C. Interest earned
D. Deposited amount in bank
A. Drawing
B. Loan
C. Capital
D. None of these
A. Return received
B. Return outward
C. Return inward
D. Return Payed
A. Assets
B. Expenses
C. Liabilities
D. Revenues
A. Entry in two sets of books
B. Entry at two ends
C. Entry at two dates
D. Entry for two aspects of the transaction
A. Depreciation
B. Physical deterioration of the asset
C. Decrease in market value of the asset
D. Valuation of an asset at a point of time
