The data entered in the Returns Outwards Journal comes from . . .
Select ONE answer:
- invoices sent to customers.
- invoices received from suppliers.
- credit notes sent to customers.
- credit notes received from suppliers.
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 4
- Incorrect – Invoices sent to customers are recorded in the sales journal.
- Incorrect – Invoices received from suppliers are recorded in the purchases journal.
- Incorrect – Credit notes sent to customers are recorded in the returns inwards journal.
- Correct
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