The following transactions appeared in the books of Emeka Traders: Sales returns ₦12,000; Purchases returns ₦8,000; Credit sales ₦95,000; Credit purchases ₦60,000. What is the net amount posted to the Sales Account?

The Sales Account is credited with credit sales of ₦95,000, and debited with sales returns of ₦12,000 (Returns Inwards). The net balance on the Sales Account is ₦95,000 − ₦12,000 = ₦83,000. Purchases and purchases returns are posted to separate accounts and do not affect the Sales Account.