Question

Anil returned goods worth£500

Answer 1

Answer:

Journal Entry

Explanation:

Anil A/c                 Dr.      500

    To Purchase Returns A/c        500

(Being the goods returned )

In case of sales returns,

Sales Returns A/c              Dr.          500

              To Anil A/c                                   500

(being the goods returned )

Hope this helps you dear :-)

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