is return inwards always debited?
Added by Aana
Step 1
In accounting, when a return inwards occurs, the seller needs to decrease its sales revenue and accounts receivable. This is done by debiting (increasing) the return inwards account and crediting (decreasing) the accounts receivable account. So, in this context, Show more…
Show all steps
Your feedback will help us improve your experience
Celine Ibrahim and 59 other Principles of Accounting educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Recommended Videos
Is an isothermal process necessarily internally reversible? Explain your answer with an example.
Is combustion a reversible process?
Is a process that is internally reversible and adiabatic necessarily isentropic? Explain.
Recommended Textbooks
Horngren’s Cost Accounting
Cost Accounting A Managerial Emphasis
Principles of Accounting Volume 1: Financial Accounting
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD