What is the journal entry purchase return in the books of
Purchase
Answer Posted / rajesh
Entry for Purchase Return (Credit Note )
Dr Sales Return
Cr XXX ( Party name )
Entry for Sales Return (Debit Note)
Dr XXX (Party Name)
Cr Purchase Return
| Is This Answer Correct ? | 86 Yes | 47 No |
Post New Answer View All Answers
Examples of automatic generated content material of car logbook loans?
what is waybill key number & how can it be issue?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c
How goodwill is accounted for the first time in a company .
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
What is Budgeted capital ?
what are the rules and regulations of junior accountant
Short Answer on _____________Accident Insurance
All shot cut key use in the tally software & it's uses
Being BE student why you want to join bank?
What is difference between cash flow and funds flow?
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
please provide wct retun guide line how can prepaire that