Return inward appearing in trial balance isdeducted fromSelect one:a. Assetb. Purchasesc. Return outwardsO d. Sales

Introduction: Trial balance: After posting all the balances to ledger accounts trial balance is…

Answered: Return inward appearing in trial…

Return inward appearing in trial balance is deducted from Select one: a. Asset O b. Purchases c. Return outwards O d. Sales

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 21MC: Which of the following accounts would be reported under operating expenses on a multi-step income...

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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Return inward appearing in trial balance is
deducted from
Select one:
a. Asset
b. Purchases
c. Return outwards
O d. Sales

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