Question

☺☺ What will be the journal entry for the following:-

Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed. (without gst). 1000

Answer 1

heyaa,,,
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☺☺ What will be the journal entry for the following:-

Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed. (without gst). 1000
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sales return a/c dr 1000
to ahemed & co. 1000
(being defective goods returned by ahemed & co.)
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Hope it helps ☺☺☺

Answer 2

Sale Return a/c......1000

To Ahmed and co. ...............1000

(Being the Claimed received from Ahmed)

Hope it's Helpful for you...

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