Question

Goods return to hema traders journal entry

Answer 1

hema traders A/c Dr  .....
        To purchases return A/c ..........
(being goods returned to hema traders)

Answer 2

Hema trader A/c…Dr

To purchase return a/c

Explanation:

In this given question goods return to Hema traders which mean that we are returning the goods that are purchased from Hema traders. Debit what comes in credit what goes out is there accounting rule that will be using here.

Since we are returning the goods that we bought, we are going to credit purchase return account as we will reduce that amount from purchases. And we will debit Hema traders because of the the return of money that Hema traders will refund or reimburse with better quality goods.

Learn more about journal entry

Sold goods to ram for journal entries

brainly.in/question/1718750

Brought furniture from S.R furnisher against cash journal entry

brainly.in/question/4697057