Sale return
yogesh sharma (CA Student) (268 Points)
20 December 2013yogesh sharma (CA Student) (268 Points)
20 December 2013
Hojefa
(Ca final)
(178 Points)
Replied 20 December 2013
if Sales were in cash then entry of sales return will be sal ret a/c dr ,To cash/bank a/c.
while if sales were in credit then sls ret dr To debtors A/c.
though it is previous year's sls return its should be accounted in same way as it is current year return & lastly at the end of yr trf into trding a/c & Presentation shown as Sales- sls rtrn =net sales
or shown in the dr side of trading a/c.