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3 years ago

Each time a sale is recorded, two journal entries are also recorded to account for estimated sales returns.

Business

1 answer:

Lemur [1.5K]3 years ago

4 0

Answer:

The given statement is False

Explanation:

The sale is recorded at the time when the company sells is products and services to the customer and for that the journal entry is to be passed

Now if there is a return of goods that are sold by the company to the customers, the journal entry is to be recorded for sales returns

So the entry is recorded for that good only i.e. return

Therefore there is no need to record two entries

Hence, the given statement is false

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3 years ago

Each time a sale is​ recorded, two journal entries are also recorded to account for estimated sales returns.

Each time a sale is recorded, two journal entries are also recorded to account for estimated sales returns.