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What is the journal entry purchase return in the books of
Purchase

Answer Posted / sai

Supplier A/c Dr xxxxx
To Purchase Returns A/C xxxx
or ( Post the item of Accounts Ledger)

( Narration : Purchase of Inv.No: XXXXX / DT XXXXX Total
Qty 100 Return to Qty 50 @ Rs. xxxxx Ref : Return Inv.no:
xxxx/Dt xxxxx)


Sales Return A/C Dr xxxxx
To Seller A/C xxxxx

Is This Answer Correct ?    24 Yes 3 No



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