Question

40 points..
Give right answer plss..

MAKE JOURNAL ENTRY :-
Returned to Gopal of goods of list price Rs. 20,000? [ FAST ]

Answer 1

journal entry

Gopal A/c. Dr 20000
To. purchased return A/c. 20000
(being good return to Gopal)

reasons for debit and credit

Gopal categorise under personal account as Gopal received the goods therefore is debited

purchases return is categorised under the nominal account it is gain to the company therefore it is credited..

Answer 2

$\mathbb{\red{\huge{HEY\:MATE}}}$

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$\mathfrak{\green{ANSWER:}}$


journal entry

Gopal A/c. Dr 20000
To. purchased return A/c. 20000
(being good return to Gopal)

reasons for debit and credit

Gopal categorise under personal account as Gopal received the goods therefore is debited

purchases return is categorised under the nominal account it is gain to the company therefore it is credited..

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