Returned goods worth rs 550 to Prashant
Answers
Answered by
34
Explanation:
Prashant a/c Dr. 550
To Purchase return a/c 550
Answered by
6
The Answer is as follows:
Explanation:
It is given that Goods worth of Rs.550 returned to Prashant.
Goods could be purchased on account or for cash and a person can return these goods if there are some defective items.
The Journal entry for returning the goods is as follows:
Prashant Accounts Debit. Rs. 550
To Purchase Return Rs. 550
(To record the goods returned to Prashant)
Learn More:
Good return by mohan
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Journal entry :
returned goods to ganesh
received returned goods by anand
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