If sales return is understated, it implies that ------- is overstated
FINANCIAL
JAMB 2015
If sales return is understated, it implies that ------- is overstated
- A. return inward
- B. sales figure
- C. cost of sales
- D. return outward
Correct Answer: B. sales figure
Explanation
This is so because returns inwards are deducted from sales to ascertain the actual sales made after subtracting defected goods
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