Sales Returns Day Book

This topic has 2 replies, 3 voices, and was last updated 13 years ago by taha1959.

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
April 24, 2013 at 7:38 am #123378
futuredark
Member
- Topics: 8
- Replies: 0
Could you please help me the following? Which one is correct?
Sales returns day book – Returns of goods sold on credit
OR
Sales returns day book- Returnes of goods sold (Both cash and credit)
April 24, 2013 at 7:57 am #123380
victorlin
Member
- Topics: 1
- Replies: 3
has to be both cash and credit. coz the principle is to account for net sales.
sales is total cash n credit sales
April 24, 2013 at 4:31 pm #123414
taha1959
Member
- Topics: 0
- Replies: 1
sales returns is accounting for both sales credit or cash while in credit sales you will crediting the customer a/c & cash a/c in cash sales
Author

Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.