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Subsidiary books

If purchase is on cash basis But return is on credit basis the where to record in subsidiary books??? (i.e it can happen that someone returned goods but we didn't pay them back now but later)


joshi dilip

joshi dilip

CA Foundation

10

05-Apr-20 15:37

51

Answers (2)

Purchase book(subsidary book) If u purchase the good in credit basis than it should be written in purchase book. Purchase Return book (subsidiary book) : If u return the good purchased in credit basis than it should be written in purchase return book. Sales book(subsidiary book) If u sold good in credit basis than it should be written in sales book. Sales return book(susidiary book): If some one return the goods that was sold by u in credit basis than it should be written in sales return book.


sai t

sai t

CA Foundation

295

05-Apr-20 18:53

It should be written in debit side of sales return book Journal entry : Sales return a/c Dr To Debtor a/c


sai t

sai t

CA Foundation

295

05-Apr-20 19:08

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