Journal entry for amala returns goods
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Sales Return A/C Dr.
To Amala A/C
(Being credit sales returned)
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3 golden rules
personal accounts - debit the received and credit the giver
real accounts -debit what comes in and credit what comes out
nominal accounts - debit all the expenses and losses, credit all the income and gains
as per the question 2 accounts affect sales returns account and amala (creditor) account
sales returns account - Nominal account
amala account - Personal account
by applying the golden rules ,
Journal entry
sales returns A/c Dr
To amala A/c
(Being returned sales goods to amala)
Hope its useful..!
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