what is the entry passed for sales return (sales is on
credit basis)?
Answer Posted / lakhmanan
Sales return a\c Dr
To customer a\c
(being sales return made)
Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
how history is helpful for banking?
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
Example for extra ordinary expenditure?
Short Answer on _________Accounts Receivable
what is the use of special general ledger if the normal trasaction in usage.
.,can someone tell me how to compute the subscribed capital share?
What is mamimum rate of CST applicable on Plastic Doors in NOIDA?
in which group under we will open donation and hamali weekly payment account or ledger
What is the difference between payable and accrual
What is the difference between reserve and provision.
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
reason for difference in Balance sheet (Asset side & Liabilites side)
What is Goods Lost by Fire/Accident/Theft ?
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations