Question

Aug 2
Bought goods worth Rs.
2,100 from Ramesh and supplied them to
Suresh at Rs. 3,000. Aug 2 Suresh
returned goods worth Rs. 100, which in
turn were sent to Ramesh.​

Answer 1

Journal entry

Purchase a/c ……… Dr.

To Ramesh a/c

( Being the goods purchased from Ramesh )

Suresh a/c ……… Dr.

To Sales a/c

( Being the goods supplied to Suresh )

Return Inward a/c ……… Dr.

Suresh a/c

( Being the goods returned by Suresh )

Ramesh a/c ……… Dr.

To Return outward a/c

( Being the goods sent to Ramesh )

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