If u purchased a good but u want to return the goods what will be the journal entry in vendor account

Question

Accepted Answer

The journal entry in the vendor account for returning goods is a credit entry to the vendor's account and a debit entry to the purchase return account.

The journal entry will decrease the vendor's account balance and increase the purchase return account balance.
The credit entry to the vendor's account represents the reduction in accounts payable.
The debit entry to the purchase return account represents the increase in the purchase return expense.
The specific accounts used may vary depending on the company's chart of accounts.

Accepted Answer

vendor Dr

purchase cr

Like vendor is xyz and gst material goods then entry will be pass

Dr XYZ

Cr Purchase

Cr gst

Accepted Answer

Cash a/c DR.

To suppliers a/c

(Being goods return to the suppliers)

Accepted Answer

Vendor's a/c Dr.

To purchase return

Accepted Answer

vender Dr.

to purchase return

Accepted Answer

Vendor A/c Dr.

To purchase return A/c

Accepted Answer

Sale Return A/c dr.

To Cash A/c

Accepted Answer

Vendor A/c ....dr

To purchase return A/c

Accepted Answer

By purchase a/c dr

To party name a/c cr

Accepted Answer

Vendor a/c Dr.

To purchase Reuters

Accepted Answer

Vendor a/c Dr.

Purchase return a/c

Accepted Answer

Purchase ac ..dr To cash ac...

Accepted Answer

Purchase a/c dr

To bank/cash a/c

Accepted Answer

Sales return account Dr.

To purchaser a/c

Accepted Answer

Purchase account

Accepted Answer

Vendor a/c ——-dr

To purchase return a/c

If u purchased a good but u want to return the goods what will be the journal entry in vendor account

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