Accounting · Journal Entries
What accounting entries are required to record goods returned outwards if the original transaction was made on credit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Debit Receivables Account, Credit Returns Outwards Account
- 2Debit Returns Outwards Account, Credit Receivables Account
- 3Debit Returns Outwards Account, Credit Payables Account
- 4Debit Payables Account, Credit Returns Outwards Account✓
Correct answer
Debit Payables Account, Credit Returns Outwards Account
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Journal Entries MCQs →Want more practice questions on Journal Entries?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Journal Entries