- This topic has 1 reply, 2 voices, and was last updated 6 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Sir purchase return and sales are credit balance? but sir sales should be a debit balance so is purchase return?
2 question – A purchase return of $48 has been wrongly posted to the debit balance of the sales returns account , but has been correctly entered in the supplier’s account.
which of the following statement about the trial balance would be correct?
The debit side to be $96 more than the credit side..
sir shouldn’t it be credit side to be $96 more than the debit side because purchase return is debited..so to correct it we will credit 48 (2 times) and in supplier account it has been debited..
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.