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Journal entry for Goods returned

This query is : Resolved 

11 July 2010 What is the journal entry for goods returned back to the creditor?

11 July 2010 1.Sundry Creditor Dr 100
Purchase Cr 100
2. Purchase Dr 100
Inventory Cr 100

11 July 2010 Ms Sukanya Ramakrishnan is correct.Reverse the first entry passed. ie., Debit purchase, credit to creditor. When goods returned back reverse the same.




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