Accountıng I Deneme Sınavı Sorusu #1231403
ABC Company bought 5000 glasses in August 10 on account.Price of a glass is 3 TL. When they received the glasses, the quality checks detected 50 glasses with scratches on them. Therefore, on Augut 20, ABC Company returned these 50 glasses and demanded refunding. Which of the following is true for this refunding transaction?
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Accounts Payable account is credited 150 TL |
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Cash account is credited 150 TL |
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Merchandise Inventory account is credited 150 TL |
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Accounts Payable account debited 500TL |
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Merchandise Inventory account is debited 500 TL |
Yanıt Açıklaması:
Merchandise Inventory account is credited 150 TL.(3 X 50)
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