entry

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what is the entry for purchase returns
 

Replies (3)

supplier a/c   dr 

    to purchase returns

 

Creditors for Goods A/c…………………………………………..Dr

To Purchase (Central/Consignment/Local)

To Input Vat 4% or 12.5% (in case of Local Purchase)

Originally posted by : Hari V

supplier a/c dr

to purchase returns

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