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How will pass entry when returned goods treat as scrap?

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Question added by Suchitra Jaiswal
Date Posted: 2017/11/02
ilhak sheakh
by ilhak sheakh , Procurement Officer , White House Education Network

In Normal outlet trading. First cancel the debtor account by credit it with debit the sales return account and then. Next entry to returned goods to scrap account.

In case of Store : Inventory Sheet : Return as receive side. then again to issue side by scarp. So that your physical Stock will balance.

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