Accountancy, asked by sindamsana2281, 1 year ago

Pass the journal entry for received claim from ahmed and co. for defect in goods supplied to them. claim was accepted and rebate was allowed.

Answers

Answered by kanhaiyaavp
66
heyaa,,,
it's journal entry will be;
sales return a/c Dr
to Ahmad & Co. a/c.
(being good returned by ahamed due to defection)
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Answered by vchilongo
16

this simply means that the goods sold by ahmed and co. was return to them by the buyer due to the defects found on the goods, in this case the goods returned are entered into the return inwards account which is credited. while the buyer will enter his account as returned outwards and will be debited since the ahmed and co. accepte to rebate.

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