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
  • Interview Candidate
  • 2
  • 5314

Showing Answers 1 - 2 of 2 Answers

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

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

 

Related Answered Questions

 

Related Open Questions