Question

Goods returned from customer for Rs. 15,000 what will be the nature debit or credit? And what will be the applied rule? ​

Answer 1

Answer:

Credit

Debit what comes in Credit what goes out.

Answer 2

Answer:

Debit

Explanation:

Purchases Return A/c Credit because the Purchases Return are (Nominal Account) and one type of Income and Income is also Credit. Based on the Debit and Credit or Golden Rules. Sales Return A/c Debit because the Sales Return are (Nominal Account)