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