INDAS 115 SPECIAL CASES, Sale with a right to return

Financial Reporting

Sir, when there is a right to return the goods vested with the customer, one entry will be Bank ac Dr. To Sales To Refund liability But one more entry we're unable to understand Inventory ac Dr. To P&L ac

Gandlapati Hari Reddi

Qualified CA

★ 17K+

05-Apr-23 18:55

535

Answers (1)

Where did you get the second entry from?

CA Suraj Lakhotia

Admin

06-Apr-23 11:59