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Thursday, 14 May 2026
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If goods were returned to branch by the customers, the correct posting for this ...

If goods were returned to branch by the customers, the correct posting for this transaction is to debit?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Branch debtor's account and credit head office account
  • B Head office account and credit branch stock account
  • C Branch stock account and credit branch debtors' account
  • D Branch cash account and credit branch stock account
Correct Answer: Option C
Explanation:
Debit branch stock account (stock have increased by what was returned) and credit branch debtors' account

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