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WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS
OF PURCHASER & SELLER
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Answer / 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)
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / prasad vvn
In the books of Purchaser
Seller a/c Dr.
To Purchase Returns a/c
(Being Purchase returns to seller)
In the books of Seller
Sales Returns a/c Dr.
To Purchaser a/c
| Is This Answer Correct ? | 20 Yes | 3 No |
Answer / adit
in the books of purchaser or customer
vendor or seller a/c dr
To purchase return
in the book of seller or vendor
sales return a/c dr
To customer or purchaser
| Is This Answer Correct ? | 13 Yes | 1 No |
Answer / surendhar
purchase return?
Sundry Creditors A/C -----Dr
To,purchase return A/C
Sales return ------Dr
To,Sundry Debtors
me.surendhar@gmail.com
| Is This Answer Correct ? | 2 Yes | 2 No |
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