Question
21 Shaima traders returns goods worth $350 to Al Fatima LLC. What journal entry will be recorded by Shaima Traders to record the above transaction?
21\ Shaima traders returns goods worth $350 to Al Fatima LLC.
What journal entry will be recorded by Shaima Traders to record the above transaction?
a\ Dr. Payables Cr. Purchase Returns
b\ Dr. Purchases Cr. Payables
c\ Dr. Sales Returns Cr. Receivables
d\ Dr. Payables Cr. Purchases
22\ Credit Notes sent to customers are recorded in:
a\ Journa
b\ lSales Returns Day Book
c\ Sales Day Book
d\ Purchase Returns Day Book
24\ Which of the following costs may be included when arriving at the cost of finished goods inventory for inclusion in the financial statements of a manufacturing company?
a\ 2 and 3
b\ 1 and 4
c\ 3 and 4
d\ 1 and 3
1 Freight inwards
2 Freight outwards
3 Depreciation of factory plant
4 Finished goods storage costs
Choose the correct answer, give me the question number and the answer code.
I hope that you will help me and solve all the questions.
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