What will be the general entry for purchase return? What
will be the general entry for sales return?
- 3 Answers
- 5598 Views
- Redington, I also Faced
- E-Mail Answers
Answer Posted / santosh
Purchase A/C dr
To cash(Bank) A/C
Cash A/c dr
to Purchase return A/C
Cash A/c dr
to Sales A/C
Sales return A/c
to Cash a/c
| Is This Answer Correct ? | 11 Yes | 1 No |
Post New Answer View All Answers
What is the dual aspect concept?
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
Can you name any other accounting application?
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
What are the four classifications of bad and doubtful debts as per the context of the bank?
Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%
what is the meaning of 4X and 10X value in intraday market?
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
whats the sales tax slab and company's turnover professional tax slab
Types of errors in account
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
What is tds and how it is calculated?
Do you know balancing in accounting?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Pass the journal entry: rent outstanding
