Social Sciences, asked by sharpteaspoon, 3 months ago

what will be journal entry for goods sold to rohini out of which good worth ₹1000 was returned by her​

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Answered by Anonymous
31

Answer:

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Explanation:

Sanjoy Sanjoy

Answered September 27, 2020

Journal Entry for a goods return:

Before recording a journal entry, it is important to understand the different types of Goods Return.

Two Types of Goods Return:

Purchases Return or Return outward.

Sales Return or Return inward.

Purchases Return Goods

For Examples :

Purchases goods from Mrs. Kuheli Rs. 2000

Journal entry:

Purchases A/c .. Dr 2000

To Kuheli A/c 2000

[Being the purchases goods from Kuheli]

Then

Goods returned to Mrs. Kuheli Rs. 900

Journal Entry:

Kuheli A/c ..Dr 900

To Purchases Return A/c 900

[Being the goods return to Kuheli Rs.900]

Kuheli A/c Debit because the Kuheli is (Personal Account) and it is Receiver, so the

Answered by Anonymous
11

Explanation:

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