Credit Sales Return Journal Entry

In case of credit sales return, debit the sales ledger and credit the party ledger is this true or false
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Vinod kumar Reddy

  • Nov 21st, 2018
 

True
when credit sales happen then the entry will be
Debtor/third party a/c DR
To Sales a/c CR
when those sales are returned then the entry will be
sales return a/c DR
To Debtor/third party a/c

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