We have received Goods back from the customer to whom we have sold the goods. The customer has already deposited the amount in our a/c. the goods where worht rs.50000/- incl. of cst @ 5% and insurance & courier. Now the customer wants to have another product, and the price range is same. so in this case what entry has to be passed for goods sold, goods return and again sold to the same customer. Pls. explain in detail.
Entry for goods return
Replies (4)
Entry for Sale.
Entry for Amount received
Then Credit note
And again new sale.
Account settled.
Keep the ealier record same of sale entry..... pass the credit note on date when the goods return. And pass new entry.
Note when the credit note posted ur amount get knock off with current invoice
Hi, Thanks for the response, but while going thru. sale register it is showing 2 sales, but the sales has been affected only once. How to solve the same.
Pass a credit note and knock off one of the bills
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