17 - The export rate for which 30000 dollars of dry pulses were exported to the foreign German company BBN in the form of payment against goods is 1 dollar = 5.60 TL. However, the pulses were noticed to be moist and were returned. Registration to be made? A) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 610 01 RETURNED GOODS 168 000 120 01 ABROAD BUYER 168000 B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 601 01 ABROAD GOODS SALES 168000 610 01 RETURNED GOODS 168 000 C) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 120 01 ABROAD BUYER 168000 610 01 RETURNED GOODS 168 000 D) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 612 01 OTHER DISCOUNTS 168000 120 01 ABROAD BUYER 168000 E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 689 OTHER EXCEPTIONAL GO. LOSS 168000 120 01 ABROAD BUYER 168000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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17 - The export rate for which 30000 dollars of dry pulses were exported to the foreign German company BBN in the form of payment against goods is 1 dollar = 5.60 TL. However, the pulses were noticed to be moist and were returned. Registration to be made?
A) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT

610 01 RETURNED GOODS 168 000

120 01 ABROAD BUYER 168000




B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT

601 01 ABROAD GOODS SALES 168000

610 01 RETURNED GOODS 168 000




C) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT

120 01 ABROAD BUYER 168000

610 01 RETURNED GOODS 168 000


D) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT

612 01 OTHER DISCOUNTS 168000

120 01 ABROAD BUYER 168000




E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT

689 OTHER EXCEPTIONAL GO. LOSS 168000

120 01 ABROAD BUYER 168000

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