A Firm Return Goods…. Debtors Creditors Quiz explained

 Accounting Quiz / Debtors Creditors AccountParticipate & Share with your Friends AccountingQuizzes

Debtors Creditors Quiz

Accounting Quiz / Debtors Creditors Account

ABC Firm return goods to the supplier (Creditor). What will ABC Firm send to that supplier as per this event ?

A)  A Debit Note

B)  A Credit Note

C) A Cheque

Debtors Creditors Quiz Explained

When a firm return goods to its suppliers, it will send a debit note, as the returned goods have reduced the payables amount. 

The correct answer to this accounting quiz is A) Debit Note

Leave a Reply