what is the entry passed for sales return (sales is on
credit basis)?

Answer Posted / kishor

sales return a/c Dr.
To Debtors personal a/c
(Being sales return entered)

Is This Answer Correct ?    21 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference between speculation & investment?

1738


How to enter PO in SAP

1460


Expand ----------GIDB

1624


Expand---------OST

1729


what is the process of excise duty?

2034






What is combination?

1647


Examples of automatic generated content material of car logbook loans?

1332


institutional investors?

1548


Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?

1757


whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector

1189


Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

1350


what is meant by qurum

2012


how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax

1678


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

1793


What type of questions in accouting point of respect they ask genrally plz help me find out this.

1598