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 |
Post New Answer View All Answers
what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?
objective of accounting
how Mis reports are used?n why it is used ? explain
Short answer on Allowances
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
How Are The Balance Sheet And Income Statement Connected?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
what are the important steps to take during the conversion of an accounting system.
how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?
Short Answer on ___________Appreciation
Can anyone mail journal entries for me? my Mail id rukmini@live.in
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process
can any one send me payables real time scenarious or any projects
Who to create a budget on software company
fd redeem interest and principal entry in tally