WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS
OF PURCHASER & SELLER
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Answer Posted / satyaki_raju@yahoo.com
In the books of Purchaser
Seller a/c dr
To Purchase Returns
(Being return to seller )
In the books of Seller
Sales Return a/c dr
To Purchaser a/c
(Being receipt of goods return by the purchaser)
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