E-max sold Dishwashers on credit, worth OMR 55,000 to customers, out of these Dishwashers customers return damaged
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Question:
E-max sold Dishwashers on credit, worth OMR 55,000 to customers, out of these Dishwashers customers return damaged Dishwashers for OMR 6,000. Record the entry for the Dishwashers returned?
a. Debit A/c Receivable 6,000; Credit Sales returns and allowance 6,000
b. Debit Sales returns and allowance 6,000; Credit A/c Receivable 6,000
c. Debit Accounts receivable 55,000; Credit Refrigerators 55,000
d. Debit Bad debts expense 38,000; Credit A/c Receivable 38,000
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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