Question

returned goods to supplier and received cash rs 500 journal entry. ​

Answer 1

IT IS PROFIT . . . . . . . . . . . .

Answer 2

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(1986-presen…

(1986-presen…Answered 1 year ago · Author has 364 answers and 75K answer views

(1986-presen…Answered 1 year ago · Author has 364 answers and 75K answer viewsSome goods purchased by Kamala is returned to the suppliers. This is accounting for purchase returns .

(1986-presen…Answered 1 year ago · Author has 364 answers and 75K answer viewsSome goods purchased by Kamala is returned to the suppliers. This is accounting for purchase returns .On the receipt of the goods the following entry would have been passed.

(1986-presen…Answered 1 year ago · Author has 364 answers and 75K answer viewsSome goods purchased by Kamala is returned to the suppliers. This is accounting for purchase returns .On the receipt of the goods the following entry would have been passed.If the supplier has granted credit period and the goods were returned before the end of such credit period the supplier would be still outstanding.

(1986-presen…Answered 1 year ago · Author has 364 answers and 75K answer viewsSome goods purchased by Kamala is returned to the suppliers. This is accounting for purchase returns .On the receipt of the goods the following entry would have been passed.If the supplier has granted credit period and the goods were returned before the end of such credit period the supplier would be still outstanding. same supplier.

(1986-presen…Answered 1 year ago · Author has 364 answers and 75K answer viewsSome goods purchased by Kamala is returned to the suppliers. This is accounting for purchase returns .On the receipt of the goods the following entry would have been passed.If the supplier has granted credit period and the goods were returned before the end of such credit period the supplier would be still outstanding. same supplier.If this is an one-off transaction he could be shown as a debtor.

(1986-presen…Answered 1 year ago · Author has 364 answers and 75K answer viewsSome goods purchased by Kamala is returned to the suppliers. This is accounting for purchase returns .On the receipt of the goods the following entry would have been passed.If the supplier has granted credit period and the goods were returned before the end of such credit period the supplier would be still outstanding. same supplier.If this is an one-off transaction he could be shown as a debtor.296 views

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