Question

Goods returned by mr. b amount to rs. 4,000. the entry in the books will be

Answer 1

Sales returns a/c dr 4000
To Mr. B a/c 4000
(being goods received from Mr. B)
I'M Studying CA.

Answer 2

Answer:

                             Sale Return Journal Entry

Date                           Particulars                                    Debit           Credit

1st Sept                      Sales account                             2,500            

                                     Cash account                                               2,500

                                  Sales account                              1,500

                                     Receivable account                                      1,500

Date                            Particulars                                   Debit           Credit

1st Sept                    Inventory account                        2,000

                                  Cost of goods sold                                          2,000

A book entry system tracks ownership of securities without providing investors with certificates. The words "paperless shares," "electronic shares," "digital shares," "digital stock certificates," and "uncertificated shares" are frequently used interchangeably with "book entry" shares.

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