Sale on approval or return basis
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)
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
In 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.