Question

journal entry of returned goods to Mr Bose of 500?​

Answer 1

Answer:

When the returned to the supplier of the goods, then the cash account or accounts payable account for the cash purchases or credit purchases respectively will be debited with a corresponding credit to purchase return account as there is the return of the goods out of the company to the supplier.

Answer 2

Answer:

cash account --Dr-----------500

to

return account -----------500