Snowzium02
Answered

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Bob returns goods bought on credit from Tariq, which ledger a/c entries record this in Tariq's book?
Debit Credit
A. Bob Sales returns
B. Bob Purchase returns
C. Sales return Bob
D. Purchase returns Bob​

Sagot :

Answer:

D. Purchase returns Bob

Explanation:

  • Purchase refers to payment by credit
  • So, it is either B or D
  • D sounds like the more sensible option
fieryanswererft

C. Sales return, Bob

[tex]\begin{tabular}{|c|c|c|c|} \cline{1-4} \cline{1-4} \multicolumn{2}{|c|}{\sf Debit } & \multicolumn{2}{c|}{\sf Credit} \\ \cline{1-4} \multicolumn{2}{|c|}{\sf Bob } & \multicolumn{2}{c|}{\sf sales returns} \\ \cline{1-4} \multicolumn{2}{|c|}{\sf Bob } & \multicolumn{2}{c|}{\sf purchase returns} \\ \cline{1-4} \multicolumn{2}{|c|}{ \sf Sales returns } & \multicolumn{2}{c|}{Bob} \\ \cline{1-4} \multicolumn{2}{|c|}{Purchase returns} & \multicolumn{2}{c|}{Bob} \\\cline{1-4} \end{tabular}[/tex]

Breakdown of what's happening:

Credit means borrowing goods and will return them later. Here Credit: Bob
as he borrowed goods from Tariq and returning them.

When comes to sales return and purchase return. Recall,

purchase return: credited

sales return: debited

Hence, debit - sales return, credit - Bob. option C is correct.

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