Goods returned from Mahesh rs 1000 we're posted as rs 3000.
1) Isme Excess debit hai ya excess credit hai?
2) kaise pahchante hai ki kisme jyada debit hai and oisme jyada credit hai. ?
3) yaha par credit and debit ka meaning kya hai.
Plz ans
Answers
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Our previous entry was:
Sales Return A/C Dr. 3,000
To Mahesh A/C. 3,000
Now ,what would be the entry:
Sales Return A/C Dr. 1,000
To Mahesh A/C. 1,000
Now,the rectified entry will be:
Mahesh A/C Dr. 2,000
To sales Return A/C. 2,000
Thnq.#$.
Hope you understand the concept well.
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