accounting ok Returned goods to rabin Rs.200 i want two aspect what it will be
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The 2 aspects of this transactions will be
Rubin's A/c Dr. 200
To Purchase return A/c 200
angshuman80:
it can be cash too is it
since it is return of goods the amount will be debited to his(seller) account, thus it will be rubin's Account
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Debit Aspect - Rubin's A/C with Rs. 200
Credit Aspect - Purchase Returns A/C with Rs.200
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