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what is the entry for purchase returns
 

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On 01 July 2010 at 20:40 Report
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supplier a/c   dr 

    to purchase returns

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On 01 July 2010 at 21:00
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Creditors for Goods A/c…………………………………………..Dr

To Purchase (Central/Consignment/Local)

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

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On 01 July 2010 at 21:23
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2345 Points Posted on 02 July 2010
Originally posted by : Hari V

supplier a/c dr

to purchase returns
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On 02 July 2010 at 15:59

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