What will be the general entry for purchase return? What
will be the general entry for sales return?

Answer Posted / santosh

Purchase A/C dr
To cash(Bank) A/C

Cash A/c dr
to Purchase return A/C


Cash A/c dr
to Sales A/C
Sales return A/c
to Cash a/c

Is This Answer Correct ?    11 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the rate of vat,cst,in mumbai

1219


What is the purpose of financial statements?

625


What knowledge should financial accountant have?

703


How did you chose your university?

620


how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry

1570






What is the definition of accounting?

621


what is the primary of for-profit organisation

1367


1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?

880


SHADOW BALANCE SHEET

12875


what is subscription order

1590


What are mis reports and do you prepare it?

614


for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?

2706


what is addition of Opening Balance and net profit transfered from profit and loss account called

1526


what is the new rate of c.s.t in uttraklhand

1898


How do you build a successful business relationship?

649