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received good return from m center of rs 5000 (journal entry)​

Sagot :

Answer:

Date                  Account Title                                              Debit             Credit

XX-XX-XXX      Sales returns and Allowances              Rs. 5,000

                        Accounts receivable - M Center                                   Rs. 5,000  

                         Inventory                                                Rs. 5,000

                         Cost of Goods sold                                                        Rs. 5,000