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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


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

03-Oct-20 19:45

10

Answers (6)

5th video is about X and Y.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Oct-20 12:27

5th video is about X and Y.

About 10 38 minutes this sum started


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

04-Oct-20 12:34

These are not rejected or returned.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Oct-20 12:37

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


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

04-Oct-20 12:42

In the sum it is said ritu didn t accept the goods Also intially we recorded it as sales

Sir explsin


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

05-Oct-20 10:17

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.


Suraj Lakhotia

Suraj Lakhotia

Admin

05-Oct-20 15:53