Konverge Technologies Executive Accountant Interview Questions and Answers

Goods return entry is the process of recording the return of goods from a customer in the accounting system.

• Goods return entry involves debiting the sales returns account and crediting the accounts receivable account.

• It is important to document the reason for the return and the condition of the goods returned.

• The entry should also include any applicable taxes or fees associated with the return.

• Example: Debit Sales Retu