Journal and ledger entry for purchase return and sales return

Dear persons,

Mrs Hindu tiwari purchases certain goods worth of rupees 5 lakhs from Ashok Associates .. after 2 days Mrs Hindu tiwari finds certain goods are damaged she returned 3 lakhs worth of goods to Ashok associates



Need:

1. please give me the purchase return journal entry for Mrs Hindu tiwari

2. please give me the sales return journal entry for Ashok Associates

books of accounts how to record
Replies (3)
Quick Summary
This discussion clarifies the correct journal and ledger entries for both purchase returns and sales returns. It provides specific examples for a scenario where Mrs. Hindu Tiwari returns goods to Ashok Associates, detailing the entries from both the purchaser's and the seller's perspectives.

1. Ashok Associates A/c Dr
To Purchase Returns

2. Sales Return A/c Dr

To Mrs Hindu Tiwari
These are all seperate issues.
These entries are part of accounting

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