Returned goods to vinod of the list price of Rs 1000 in this the entry would be vinod Dr to purchase return a/c how vinod us debited ????
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heya user...
here in this case Vinod is a personal a/c and according to accounting rules of personal a/c I.e DEBIT THE RECEIVER and CREDIT THE GIVER..So ,in this case vinod is receiver that is why he his debited.
hope it helps..
here in this case Vinod is a personal a/c and according to accounting rules of personal a/c I.e DEBIT THE RECEIVER and CREDIT THE GIVER..So ,in this case vinod is receiver that is why he his debited.
hope it helps..
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