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Entry of sales return |
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Answer» personal accounts - debit the RECEIVED and credit the giver real accounts -debit what comes in and credit what comes out nominal accounts - debit all the expenses and losses, credit all the income and gains as per the question 2 accounts affect sales returns account and (creditor) account sales returns account - Nominal account Creditor account - Personal account by applying the golden rules , JOURNAL entry sales returns A/c DR To Creditor A/c (Being returned sales goods ) Hope its useful..! |
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