Question

what is the journal entry of return 8 chairs to India furniture house jodhpur Rajasthan @1500 each being not of specified quality class 11 chapter 13 question number 7 ​

Answer 1

if chairs were purchased on credit, then:

Payable - India Furniture House --- Debit

chairs --- credit

if on cash/bank/

cash/bank -- debit

chairs -- credit

if combined:

payable India Furniture House --- debit

cash/bank --- debit

chairs --- credit