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Accounts (Principles of Accounts) · Double entry and the ledger

Accounts (Principles of Accounts)Double entry and the ledgerJAMB

Goods worth ₦25,000 returned to Tolu, a supplier, are recorded by

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Answer: C. debiting Tolu's account and crediting returns outwards account

The amount owed to Tolu falls (debit) and returns outwards increases (credit).

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