Return Purchase Journal Entry
100000- was deposited in SB BANK Fixed Deposit AC Dr 100000 To SB BankAC 100000 Being fixed deposit was done in SB Rules for passing Journal entry Debit Fixed deposits are treated as non-current asset or current asset is depended on maturity period if maturity period is less than one year from the date of. Here the sales return is 10 of 600000 thus 10 of 600000 is 60000. Single Entry Bookkeeping Bookkeeping Business Bookkeeping Bookkeeping Templates Any entry relating to the return of merchandise purchased for cash is recorded in a cash receipts journal. . Purchase orders are. A purchase return is another important journal entry that is often overlookedthis type of journal entry records when a purchaser returns a product. Purchase Rs 100000 from A Purchase Dr To A 100000 100000 100000 5000 Purchase Interstate 5 Dr Input IGST 5 Dr To A 105000 100000 2500 Purchase Local 5 Dr Input CGST 25 Dr To A 105000 2500 Input SGST 25 Dr Without GST With...