what is the journal entry for goods returned
Answers
Answered by
5
The journal entries are to debit accounts payable to reduce the amount owed to the supplier by the amount of the allowance, and a credit to purchase returns and allowances to reduce the amount the unsatisfactory items will add to the inventory.
1muskansahu:
Ya you are my bf.....
Bhai wala friend...
Kaash rakhi baandh sakti....
Vaise kya gift dete aap
Kya baby
Rakshabandhan per kya gift doge apni pyari behn ko?
Hey reply bro
Gift bhen ko Diya Jatha ha
Gf ko nhi
Hum behn hi hai mere pyare bhaiya
Answered by
4
The sales returns and allowances account represents returned goods at your business. This account is a contra revenue account, meaning it opposes the revenue account. A sales returnsand allowances journal entry in this account shows a decrease in revenue.
I hope u get ur answer
plz mark me as brainlist
I hope u get ur answer
plz mark me as brainlist
i need the journal entry
Hiii
Why???
No
Similar questions