Question

Jai has returned goods worth Rs. 100000 to Rishi as he found it defective which
document will be prepared by Radheyshyam?​

Answer 1

Answer:

Question unclear.

Explanation:

Can you please rephrase that?

Answer 2

Answer:

Explanation:

Document prepared by Jai is debit note and the Rishi prepared document a credit note.

These documents to be prepared  to keep as a evidence  of the transaction is made between Jai and Rishi.

The two types of goods return

1. purchase return or return outward

2. Sales return

Journal entries  for good return :

purchase goods from Mr. Rishi

Purchase A/c      Dr.

 To Rishi

Rishi A/c  dr.                    100000

 To purchase return                          100000

Sales return

Jai A/c .Dr

  To Sales A/c   .

Sales return A/c

 To Jai A/c.