Answer / fozia chachar

(1) If the purchases is made on cash basis then the entry will be:

Cash debit
Purchases return credit

(2) But if purchases is made on credit basis then the entry will be:

Accounts payable debit
Purchases returns credit

Answer / sufi

Purchaser

Vendor...A/c Dr
To Purchase return

Seller

Sales Return..A/c Dr
To Supplier or Account Receivable

Answer / nadim

Sundry creditor a/c dr
To purchase return a/c




Sales return a/c dr
To sundry debtor a/c

Answer / pandugade

it is a
supplier a/c dr/..
to.purchase returns a/c

Answer / muthu

how did adjest revversal credit in dis allowed stock

Answer / vinaykumar.d

purchase return-Dr
Saller-Cr

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