Goods returned to panjak 12,000
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Uday Rana 3 years, 10 months ago
- 1 answers
Related Questions
Posted by Soumyajit Patnaik 3 months, 3 weeks ago
- 0 answers
Posted by Arun Arun 4 months ago
- 2 answers
Posted by Garima Gaur 4 months ago
- 0 answers
Posted by Ansh Dwivedi 3 months, 4 weeks ago
- 0 answers
Posted by Garima Gaur 4 months ago
- 1 answers
Posted by Alok Bhartiya 4 months ago
- 2 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Gaurav Seth 3 years, 10 months ago
At times it might be necessary to return a few goods back to a supplier when an order is received. This situation may arise due to the poor quality of products, inaccurate quantity, untimely delivery or other such reasons.
Purchase returns are also called returns outward and an appropriate purchase returns or returns outward book is maintained for recording entries related to such books. All returns are primarily recorded in the purchase returns book unless the returns are not that frequent, in which case they are recorded in the journal. The journal entry to be passed in the case of purchase returns is
Creditor A/c – Dr. XX
To Purchase return A/c XX
Pankaj A/c – Dr. 12,000
To Purchase return A/c 12,000
1Thank You