Question

Purchased goods from sanjay rs. 6000 and sold half of them to amrit for cash at a profit of 20% on cost. Return damage goods to the supplier. Journal entry

Answer 1

Answer:

purchases a/c. dr. 6000

To Sanjay a/c. 6000

cash a/c. dr. 3600

To sales a/c. 3600

sanjay a/c. dr. 3000

To purchase returns a/c. 3000