pls friends pass journal entry for purchase returns to x
with example?
Answer Posted / naveen
purchase return a/c dr
to abc a/c cr
because the goods what we purchase again we returning to the trader i.e the goods whom recived according to rules of accounting debit the reciver and credit the giver .so goods are return to the trader
| Is This Answer Correct ? | 0 Yes | 4 No |
Post New Answer View All Answers
What is short term solvency ratio?
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
How can I put Bank Guarantee Receipt entry in Tally ERP9?
what will be the possible question for an interview in account post as a fresher
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
Explain me the basic accounting equation?
What is the difference between accumulated depreciation and depreciation expense?
What is the difference between Accruals and Provisions?
credit card expenses entry kisme pass karenge
What is fair value accounting definition?
What is mis report , how to prepare mis report for general ledger?
how to individual capital account.
What is accounting normalization?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?