Question

journal entry of returned goods to mr raj​

Answer 1

Hello..

Journal entry..

Mr.Raj dr.

__To purchase returns a/c

(being goods returned to Mr.Raj)

hope it helps..

Answer 2

Mr.Raj $\Rightarrow$ dr.

$\Rightarrow$ To purchase returns a/c

(being goods returned to Mr.Raj)

Explanation:

Journal generally means a daily record. Journal entry can be said as the manual expense and income manager of a business firm or company or for a individual. The following are some of the steps to record a transaction in a journal entry,

Step 1:  Initially we have to analyze the transactions.

Step 2:  Identify the accounts that gets affected by the transaction.

Step 3:  Evaluate the nature of accounts that are included as personal, real or nominal.

Step 4:  Determine the rule of debit or credit applicable.

Step 5:  Ascertain the account to be debited and the account to be credited. (Debit the receiver and credit the giver)

Step 6: Post the transactions.

Learn more on journal entry:

Balance due from Aparna rs 60,000 do journal entry of this statement

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