Question

A return of goods worth ₹5000 by a customer was entered in purchase returm book .Pass the rectifying entry​...... please help.........

Answer 1

Answer:

purchase return ac dr. 5000

sales return ac dr. 5000

to cash ac 10000

Explanation:

rule = debit which is wrongly credited !

Answer 2

Answer:

Sales Return A/C Dr 5000

Purchase Return A/C Dr 5000

To Customer A/C 10000

Explanation:

CORRECT ENTRY :

Sales Return A/C Dr 5000

To Customer A/C 5000

WRONG ENTRY:

Customer A/c Dr 5000

To Purchase Return A/C 5000

Rectification entry:

Sales Return A/C Dr 5000

Purchase Return A/C Dr 5000

To customer A/C Dr 10000