Question

Returned goods to M/s Saha & Sons rs 500.​

Answer 1

Answer:

case-1 :IF GOODS ARE PURCHASED ON CREDIT

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M/s Saha & sons a/c. dr 500

to purchase returns a/c. 500

(being goods which are purchased on credit,now returned to M/s Saha & sons)

CASE-2 : IF GOODS ARE PURCHASED ON CASH BASIS

cash a/c Dr. 500

to purchase returns a/c. 500

(being goods which are purchased through cash,now returned )