Question

return goods to vishal trading and co. 5000​

Answer 1

Answer:

Vishal Trading and company a/c Dr. 5000

To Purchase Return a/c 5000

Explanation:

While purchase of good we made Vishal Trading and co. our creditor, so to reverse the effect dr. it, and since good are going out of the firm goods are to be credited as per real a/c rule - Debit what comes in credit what goes out. Since goods is a restricted term, purchase return a/c is used here.