CBSE Class 11-commerce Answered
Meshwari returned the goods
Asked by adityasinghsisodiya3 | 25 May, 2019, 08:13: PM
Expert Answer
When goods are returned they are termed as purchases returns for the purchaser and sales returns for the seller of the goods.
Purchaser will reduce such amount of goods returned from the gross purchases in the trading account and the seller will reduce such amount of goods returned from gross sales in trading account in order to indicate the correct amount of closing stock available after such return of goods.
Answered by Surabhi Gawade | 26 May, 2019, 11:53: AM
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