Is a purchase return revenue?
Answers were Sorted based on User's Feedback
Answer / muthumani
No. But If they sent back thru Sale invoice, it'll indirectly contributes to revenue.
But Once it netted off against purchases, then this gets nullified.
| Is This Answer Correct ? | 2 Yes | 0 No |
Expand F I P B
.,can someone tell me how to compute the subscribed capital share?
If you are making a transaction of Cash Purchase on 30th March and your accounting period ends on 31st March. Does it affect the Current Asset of the Company?
EXPAND______________PTI
Which entry we pass self entry like cash withdraw for ourself
Which balance for profit ? debit or credit? also which balance for Opening Stock?
what is suspence capital?
When Trial Balance match?
who are minority share holders or what is minority shareholders?
Over-hauling expenses of a secon hand machinery should be debited to ---------
Do assets have to be analysed between funds?
What is Depreciation and how is it different from amortization
5 Answers IBM, Thomson Reuters,