An Adjusting Entry Needed To Estimate Future Customer Behavior Includes What? (MCQ)

Answer And Explanation Of MCQ With Journal Entry

An Adjusting Entry recorded to estimate future customer behavior includes Customer Returns Or Sales Returns as customer returns show how much the customer is satisfied with the goods or services sold to them by corporation.

The adjusting entry to record is shown below:

                                                      

                                                       Sales Returns a/c  XXX

 

                                                                                         Accounts Receivable a/c  XXX

 

                                                                    (Merchandise Returned By Customer )