journal entery#goods returned by johansan
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Golden Rules of Journal
Personal account rule
Debit- The receiver.
Credit- The giver.
Real account rule
Debit- What comes in.
Credit- What goes out.
Nominal account rule
Debit- All expenses and losses.
Credit- All incomes and gains.
Now
The journal entry will be
Sales Return A/C DR
To Johansan's A/C
(Being goods returned by Johansan)
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Sales return account dr
To johansan account
[being good returned ]
In this entry the good were returned by the Johanson so the sales return is debited
And the goods were returned by johnsan so johnsan is credit..= credit the giver
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