What will be the journal entry in the case of Debit Memo
and Credit Memo?
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Answer Posted / nurulla
for debit memo
supplier A/c Dr
To purchase returns A/c
thier is a number of causese for arrisisng debit memo
1) purchase returns
2) rate diffrence aggried price to invoice price
3) goods short recevied
for credit memo
sales returns A/c Dr
To customer A/c
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