A

Admin • 833.24K Points
Coach

Q. If purchase returns are more than purchases, the net purchase is:

  • (A) Negative
  • (B) Zero
  • (C) Credited to P&L A/c
  • (D) Not possible
  • Correct Answer - Option(A)
  • Views: 26
  • Filed under category Accounting
  • Hashtags:

Explanation by: Admin

If returns exceed purchases, net purchases will be negative.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.