42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally

42. G.Simkins sends back stock to J.J. Fabrics (a
supplier), having originally purchased it on Credit. J.J.
fabrics issued a Credit note for the value of these goods.
In simkins’ books, the double entry for this transaction
should be.
a) Debit : J.J. Fabrics; Credit purchases
b) Debit : purchases; credit J.J. Fabrics
c) Debit : J.J. Fabrics; credit purchase returns
d) Debit: purchases returns; credit J.J Fabrics.

Question Posted / kadire

2 Answers
6530 Views
Amazon, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Cre..

Answer / naresh

ans b) and c) Because
According to above information :-Simkin - AS A CUSTOMER &
J.J.Fabrisa - AS A SUPPLIER (Sundry Creditor)

Simkins' A/c 1) Purchase j.k.fabrics
Dr cr

2) Purchase Rtn J.K.Fabrics
cr dr

J.J.Fabrics A/c 1) Purchase A/c Simkin
cr dr

2) Purchase Rtn Simkin
dr cr

Is This Answer Correct ?

6 Yes

0 No

42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Cre..

Answer / rohit_allinterview

int reverse(int num)
{
int temp,num2=0;
printf("Original number is %d",num);
while(num!=0)
{
temp=num%10;
num=num-temp;
num=num/10;

num2=num2+temp;
num2=num2*10;
}

num=num2/10;
printf("Reversed Number is %d",num);
}

// Incase of any mistake or doubt plz drop mailto
rohit_vit2020@yahoo.co.in

Is This Answer Correct ?

0 Yes

3 No

Post New Answer

More Accounting AllOther Interview Questions

What i the Limitations of Ration Analysis?

3 Answers Capital IQ, Satyam,

what is bank reconcilietion

18 Answers WNS,

i given 20000 amount to some one in a company but the travelling expendeture only 8000 the person who had taken the 20000 given all his expendeture for 8000 how to make an entry in the books of tally. please advice

6 Answers

Difference betwen debentures and bonds

30 Answers ICICI, KSK Academy,

What is the accounting treatment for preoperational expenses

1 Answers

what is break even point?

31 Answers ADP, College School Exams Tests,

Difference between Provision & Reserve?

11 Answers Genpact, HSBC,

Expand ---------MRD

2 Answers

What comes under the head SHARE CAPITAL in Liability side . say in proper order.