Accounting and Journal Entry for Sales Returns (With Example)
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Accounting and Journal Entry for Sales Returns (With Example)
Journal entry for sales returns or return inwards is "Debit - Sales Returns A/c" and "Credit - To Debtor's A/c". Return inwards are shown..
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Here is a quick lesson on accounting for sales discounts! Students are often confused by how credit terms are stated, so I explain how to interpret this. I then explain how to make the journal entries to account for the initial sale and customer payment. Remember Sales Discount is a contra-revenue account (increases with debits). #accounting #study #studytok #studywithme #educational #learnontiktok #fyp #foryou #accountant #accountancy
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Here is a quick lesson on accounting for sales discounts! Students are often confused by how credit terms are stated, so I explain how to interpret this. I then explain how to make the journal entries to account for the initial sale and customer payment. Remember Sales Discount is a contra-revenue account (increases with debits). #accounting #study #studytok #studywithme #educational #learnontiktok #fyp #foryou #accountant #accountancy
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Here is a quick lesson on accounting for sales discounts! Students are often confused by how credit terms are stated, so I explain how to interpret this. I then explain how to make the journal entries to account for the initial sale and customer payment. Remember Sales Discount is a contra-revenue account (increases with debits). #accounting #study #studytok #studywithme #educational #learnontiktok #fyp #foryou #accountant #accountancy
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