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What will be the general entry for purchase return? What
will be the general entry for sales return?

Answers were Sorted based on User's Feedback



What will be the general entry for purchase return? What will be the general entry for sales return..

Answer / manab

Creditor A/C ............. Dr
to purchases return


Sales return A/C ............. Dr
to debtor A/C

Is This Answer Correct ?    15 Yes 0 No

What will be the general entry for purchase return? What will be the general entry for sales return..

Answer / santosh

Purchase A/C dr
To cash(Bank) A/C

Cash A/c dr
to Purchase return A/C


Cash A/c dr
to Sales A/C
Sales return A/c
to Cash a/c

Is This Answer Correct ?    11 Yes 1 No

What will be the general entry for purchase return? What will be the general entry for sales return..

Answer / guest

for purchase return
Cash dr
To purchse ret.

For sales return.
Sales ret dr
To cash

Is This Answer Correct ?    5 Yes 0 No

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