Goods worth Rs 2000 were returned to Sanjay but they were omitted to be recorded. Which of the following accounts shall be credited in this case?

Sanjay`s Account

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Purchase Return Account

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Purchases Account

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Sales account

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Solution

The correct option is B
Purchase Return Account

Since purchase return account is short credited, it shall be credited to rectify this mistake.

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(d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited.

(e) Goods returned to Naresh Rs. 2000 were recorded through purchase book. However, Naresh's account was correctly debited.

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1) Goods sold to Deepak worth Rs 550 on credit this was recorded in sales but not posted in the ledger to Deepak account.
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Goods worth Rs 2000 were returned to Sanjay but they were omitted to be recorded. Which of the following accounts shall be credited in this case?

The correct option is B Purchase Return Account Since purchase return account is short credited, it shall be credited to rectify this mistake.

The correct option is B
Purchase Return Account

Since purchase return account is short credited, it shall be credited to rectify this mistake.