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Sale on approval or return basis
Accountancy
In the 5 th video of this chapter sir said a sum regarding RITU there is an entry in which sales account is debited but I think sale return account should be debited
Answers (6)
CA Suraj Lakhotia Admin
These are not rejected or returned.
In the sum it is said ritu didn t accept the goods Also intially we recorded it as sales
Thread Starter
Prasanth kumar KamisettyIn the sum it is said ritu didn t accept the goods Also intially we recorded it as sales
Yes. Since sale is not completed, we are debiting it to Sales. The goods are not returned after a sale being completed.
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