Question

goods returned by ravi in accounting equation

Answer 1

Sales Returns. A/C. Dr. Rs.xxx

To Ravi. A/C. Rs.xxx

(Being goods returned by Ravi)

Answer 2

Goods may be returned to the seller due the following factors; when the products offered to the customer does not meet the required quality, when the products given to the customer has already expired, when the products given was incomplete, all this may make the customer to get back the product to the seller, good returned are recorded to the return inwards account