Question

Gopi sold goods on credit to Ravi for RS 15000 ( costing RS 10000).
Ravi returned goods worth RS 5000 ( costing RS 4000)
Tell me the accounting equation for this please.

Answer 1

Answer:

firstly gopi sold goods to ravi and the entry is

ravi a/c. dr. rs 15000

to sales. 15000

(being good sold to ravi on credit bases)

sales return. a/c. dr 5000

to gopi. 5000

that was the correct entries

Answer 2

Answer:stock a/c

To gopi's. A/c

Explanation:

Stock what comes in and credit the giver. Personal account and real account