purchase of Rs 1000 were rejected and returned,however vendor
returned Rs 800 and balance Rs 200 is charged to sundry exp
A/c
Answers were Sorted based on User's Feedback
Answer / ashraf ali
Dr. Purchase Return A/c 800/-
Dr. Sundry Expenses A/c 200/-
Cr. Purchase A/c 1,000/-
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / mahendra
Purchase return a/c Dr. 800
Sundry Exp. Dr. 200
TO Purchase 1000
| Is This Answer Correct ? | 1 Yes | 1 No |
What is journal entry for sales return
Please tell me under which heads following ledgers should open or create. 1. Vat on Sales 2. Vat on Purchases 3. Excise on Sales 4. Excise on Purchases 5. Service Tax Input 6. Service Tax Output It’s urgent for me.
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