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WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS
OF PURCHASER & SELLER

Answer Posted / 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



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