Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage o

Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit rs 20000 worth of goods have been returned on 16th march 2015. What is the journal entry for both the instances ?

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Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit r..

Answer / rafeeq ahmed

10th march 2015 By sales a/c Dr 150000
16 th march 2015By goods in transit a/c Dr. 20000
To cash a/c 130000.

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Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit r..

Answer / a. m

cash a/c Dr 130000
goods in transit a/c Dr. 20000
To sales a/c Cr 150000

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