1 The total of the returns outwards journal is transferred to (A) The credit side of the returns outwards account (B) The debit side of the returns outwards account (C) The credit side of the returns...

1

The total of the returns outwards journal is transferred to

(A) The credit side of the returns outwards account

(B) The debit side of the returns outwards account

(C) The credit side of the returns outwards book

(D) The debit side of the purchases returns book.

2

We originally sold 25 items at £12 each, less 331/3 per cent trade discount. Our customer

now returns 4 of them to us. What is the amount of credit note to be issued?

(A) £48

(B) £36

(C) £30

(D) £32.