Multiple choice

What entry would the supplier pass, when the customer accepts goods?

  1. Dr. Customer a/c & Cr. Sales a/c

  2. Dr. Suspense a/c & Cr. Sales a/c

  3. Dr. Sale on approval basis a/c & Cr. Sales a/c

  4. No entry
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 Journal entry on acceptance of goods sent on approval by the customer :       Sale on approval Basis a/c      Dr                     To Sales a/c

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