Accountancy, asked by abiprecollege, 1 year ago

Journal entry for amala returns goods

Answers

Answered by sambathbhavyaa
1

Sales Return A/C Dr.

To Amala A/C

(Being credit sales returned)

Answered by sujiritha95
2

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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