IndigoLearn

Forums

Back

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

Prasanth Kumar

CA Inter

★ 13K+

03-Oct-20 19:45

514

Answers (6)

5th video is about X and Y.

CA Suraj Lakhotia

Admin

04-Oct-20 12:27

CA Suraj Lakhotia Admin

5th video is about X and Y.

About 10 38 minutes this sum started

Thread Starter

Prasanth Kumar

CA Inter

★ 13K+

04-Oct-20 12:34

These are not rejected or returned.

CA Suraj Lakhotia

Admin

04-Oct-20 12:37

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

CA Inter

★ 13K+

04-Oct-20 12:42

Thread Starter

Prasanth Kumar

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

Sir explsin

Thread Starter

Prasanth Kumar

CA Inter

★ 13K+

05-Oct-20 10:17

Thread Starter

Prasanth Kumar

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.

CA Suraj Lakhotia

Admin

05-Oct-20 15:53