MAKE JOURNAL ENTRY :-
Returned to Gopal of list price Rs. 20,000?
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Journal Entry ⏬⏬⏬⏬
Gopal ................................................Dr
........To Purchase Return A/c
At the time of purchase being returned Purchase Return Account is credited and not Purchase Account.It is credited with a purpose to know total value of goods returned by firm.
Journal Entry ⏬⏬⏬⏬
Gopal ................................................Dr
........To Purchase Return A/c
At the time of purchase being returned Purchase Return Account is credited and not Purchase Account.It is credited with a purpose to know total value of goods returned by firm.
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