Question

entry of sales return

Answer 1

3 golden rules

personal accounts - debit the received and credit the giver

real accounts -debit what comes in and credit what comes out

nominal accounts - debit all the expenses and losses, credit all the income and gains

as per the question 2 accounts affect sales returns account and (creditor) account

sales returns account - Nominal account

Creditor account - Personal account

by applying the golden rules ,

Journal entry

sales returns A/c Dr

           To Creditor A/c

(Being returned sales goods )

Hope its useful..!

Answer 2

Answer:

when the is written the sales return and account is debited to produce sales and account receivable aur cash is created to refund cash or reduce but s owned by the customer is II and III must also be made meeting inventory to put the reduce items