Question

adjustment of sale Return Of rs 3000 was wrongly posted to purchase return book but was correctly credited to debtors account...... What will be the effect in financial statement

Answer 1

Your Answer is:-

Sale Return is of Rs 3000, so minus from sales and debtors(but was correctly credited to debtors account so no effect in debtors account) and was posted wrongly to purchase return book so minus from purchase and minus from creditors accounts

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