WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS
OF PURCHASER & SELLER
Answer Posted / 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
| Is This Answer Correct ? | 20 Yes | 3 No |
Post New Answer View All Answers
I have complited my ERP course in FICO module. Now I want to work in ERP package. Please suggest me how I will apply for the organisation works in ERP environment.
My BASIC Salary is 18,000
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
How can we display last five years sales in tally
cash sales and credit sales both are asset or liability?
what is the procedure for issuing th C form
Difference between cash and merchantile system?
INTE3RNATIONAL ACCOUNTING STD
Short Answer on _________Financial accounting
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
What are different types of reports made in tally
What is invoice accounting rules?
PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally
what are the importance accounting entries for AP and AR process in interview..
Can I freeze my account?