A. discount allowed, bad debts and purchases
B. dishonoured cheques, returns inwards and sales
C. returns outwards, bad debts outewards and sales
D. discount received, returns outwards and purchases

Correct Answer:

Option C – returns outwards, bad debts outewards and sales

SEE ALSO  To account for expenses paid by head office on behalf of the branch; the branch should ________?

Copyright warnings! Do not copy.