Return Inwards in Trial Balance
Trial balance isa An accountb A statementc A subsidiary bookd A principal book. Returns inwards are goods returned to the selling entity by the customer such as for warranty. Ts Grewal Accountancy Class 11 Solutions Chapter 13 Rectification Of Errors Ncert Solutions Https Www Ncert Solution Chapter 13 Learn Accounting Solutions Return Inward in the Trial Balance are deducted from A. . Correct option is B Return inwards is the flow of goods in the business which were sold. Return outwards holds credit balance and is placed on the credit side of the trial balance. Where does return go on trial balance. Return inwards is the flow of goods in the business which were sold. This flow of goods is deducted from the sale balance to determine the firms actual position. Purchases are an expense which would go on the debit side of the trial balance. 415 57 votes. After the delivery the customer found out that they are
