What is the journal entry purchase return in the books of
Purchase
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Answer Posted / sai
Supplier A/c Dr xxxxx
To Purchase Returns A/C xxxx
or ( Post the item of Accounts Ledger)
( Narration : Purchase of Inv.No: XXXXX / DT XXXXX Total
Qty 100 Return to Qty 50 @ Rs. xxxxx Ref : Return Inv.no:
xxxx/Dt xxxxx)
Sales Return A/C Dr xxxxx
To Seller A/C xxxxx
| Is This Answer Correct ? | 24 Yes | 3 No |
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selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
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