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Goods sent on approval basis

Accountancy

Goods sent on approval basis video no.6 sir took a example in that 15june goods from customer accepted and sent approval on that he recorded that transaction my doubt is already we recorded whole goods sent on approval again why should we enter it's is already entered in past transaction

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Jashwanth S

Jashwanth S

CMA Inter

2K+

18-Jun-20 17:42

370

Answers (4)

whole goods sent were recorded in hte "Goods sent on approval ledger" which is only a control ledger but doesnt form part of trial balance. 15th Jun entry for 50 accepted is passed in the normal ledger forming part of trial balance.


Sudha Reddy

Sudha Reddy

CA Final

20K+

19-Jun-20 10:14

Thread Starter

Jashwanth S

What is the narration for that

Being goods sent on approval and accepted


Sudha Reddy

Sudha Reddy

CA Final

20K+

19-Jun-20 17:57

Offer