Answer / satyaki_raju@yahoo.com

In the books of Purchaser
Seller a/c dr
To Purchase Returns
(Being return to seller )
In the books of Seller
Sales Return a/c dr
To Purchaser a/c
(Being receipt of goods return by the purchaser)

Answer / prasad vvn

In the books of Purchaser
Seller a/c Dr.
To Purchase Returns a/c

(Being Purchase returns to seller)

In the books of Seller

Sales Returns a/c Dr.
To Purchaser a/c

Answer / adit

in the books of purchaser or customer

vendor or seller a/c dr
To purchase return


in the book of seller or vendor

sales return a/c dr
To customer or purchaser

Answer / vinusha

By sales return a/c Dr
To cash a/c

Answer / surendhar

purchase return?
Sundry Creditors A/C -----Dr
To,purchase return A/C

Sales return ------Dr
To,Sundry Debtors


me.surendhar@gmail.com

Answer / sathish kumar

purchase return a/c dr
to cash a/c

Answer / ramu

purchase returns A/C dr

to purchase A/C cr

IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT OR LOSS ACCOUNT ?

6 Answers  

What is Liquidity

1 Answers  

I PURCHASE A GOODS FROM OUTSIDE STATE WORTH RS.50000 & PAY FREIGHT RS.5000 PAY 2% C.S.T RS.1000 INVOCE VALUE SHOWN TOTAL=56000 ST-38 FORM VALUE RS.56000. DOES WE INCULDE THE FREIGHT ENTRY. WHAT ENTRY WE WILL DO. PLEASE

3 Answers   Bank Of America, JPMorgan Chase,

Expand------AAIFR

1 Answers  

How do we treat grants that are received in advance of the period when they are to be spent?

3 Answers  

what is the difference between liquid asset and fixed asset

6 Answers  

what is the organisation chart for accounting and finance ?

0 Answers  

Expand ------NPR

4 Answers  

Short Answer on ______Bad Debts

4 Answers  

Can anybody tell what is the link b/w reporate and inflation? How these parameters vary???

3 Answers  

Why you want to chage the current job in 8 months time?

4 Answers   OPI Global,

wht is zero based budgetting

5 Answers   Capital IQ, IQ, MVV Builders, Reliance,