In sales ledger control account, returns inwards is usually
-
A.
debited and debtors credited -
B.
credited and sales returns debited -
C.
debited and cash credited -
D.
credited and bank credited
Correct Answer: Option B
Explanation
Remember sales ledger control accounts keeps count of all sales made on credit. If a customer returns goods that were sold on credit, we debit sales returns account and credit returns inwards