Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
Purchase Return - Goods purchased earlier returned to the
Supplier. Supplier needs to return the value of the goods
returned or supply some other goods or replacement for the
goods received to settle the account of the purchaser
(Business Unit/Firm/Company).
Sales Return - Goods sold earlier returned by the customer
(buyer). Seller needs to refund the money to the customer or
supply some other products or replace the returned products
with new ones to settle the account of the buyer(Business
Unit/Firm/Company).
| Is This Answer Correct ? | 14 Yes | 0 No |
Post New Answer View All Answers
Discuss the consistency concept in accounting
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
what's the difference between impress cash account and petty cash account
Tell me what steps would you take to increase revenue for this company?
Tell me what is trial balance in accounting?
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
Explain what qualities and skills make an account manager successful?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
what is miscellaneous expenditure??
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
Tell me entries to revenues accounts such as service revenues are usually?
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
Explain what does financial statement of the company includes?
Tell us in balance sheet, where do you show tds?
