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why purchases return is in the debit side
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why purchases return is in the debit side Related: Provision for Doub...
If a customer wants to bring back an item, you need to know how to record a purchase return in your books. ... You need to record a sales return journal entry in your accounting books. ... When recording a journal entry for returns, you debit and credit different accounts to reverse the ................ .
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why purchases return is in the debit side Related: Provision for Doub...
Purchase is our expense so dr and purchase return is like opposite of it so we cr itand dr. creditor ac because we are returning the goods and our liability is decreasing
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why purchases return is in the debit side Related: Provision for Doubtful debts
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why purchases return is in the debit side Related: Provision for Doubtful debts for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about why purchases return is in the debit side Related: Provision for Doubtful debts covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for why purchases return is in the debit side Related: Provision for Doubtful debts.
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