CA Foundation doubt
Can anyone explain, "sale or return concept" Further, what will be the answer for (vi) point?
Asked by Vanshika2 Jun 2024371 views
3 answers
Simar · 3 Jun 2024
Customer/debtor A/c. Dr To sale or return A/c But is question ke according hm ise sale se minus kr ge treat kre se
Vanshika · 3 Jun 2024
@Simar Thanks What will be the journal entry?
Simar · 2 Jun 2024
Sale or return means jb customer ko goods sale krdete hai or customer k pass option hota hai goods rkhe k nhi or ye seller ko reasonable or particular time me btana hota hai agr buyer intimate krne me fail ho jae to deemed as sale
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