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Querist : Anonymous (Querist)
14 December 2015 A party returns the goods purchased of Rs 52594.Then freight charges incurred to return the goods is Rs 234.what is the accounting entry for the same?
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Arpit Shah

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Arpit Shah (Expert)
14 December 2015 http://www.futureaccountant.com/accounting-process/study-notes/purchase-sales-returns.php#.Vm6t8NJ97IU
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Arpit Shah

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Arpit Shah (Expert)
14 December 2015 Example

Party DR 1000

To Purchase Cr 900

To Freight / Tax cr 100




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