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Introduction to Partnership and Partnership Final Accounts — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyIntroduction to Partnership and Partnership Final Accounts2 Marks
Question
Return inward is deducted from purchases.
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Answer

This statement is False.
Return inward means Sales return and it is to be deducted from sales, not from purchase. Return outward is deducted from purchases.

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