Accounting Entries for purchase & sales return and credit purchase & sales with examples

What exactly is your question, please?

Sir, I want to know that how can I enter a credit Purchase and Sale in Tally 7.2

Please start your own thread for your question instead of tagging onto someone else's (old) one.

Mr. M bought light bulb at ACE Hardware for cash... so the entry of Ace Hardware for the day would be:

dr. Cash xx
Cr. Sales xx

A day after, Mr. M found out that the bulb is not working properly so he went to ACE and return the item and he received his money back... so the entry of Ace would be:

dr. Sales Return and Allowances/ Sales xx
Cr. Cash xx

Journal entry for purchase of goods amounting to 10,000.00 vat inclusive

Debit Merchandise Inventory or other appropriate account for the amount
Credit Cash for the amount

What would be the entries for credit & cash purchase?

For Credit purchases:
Debit Purchases account or Merchandise inventory
Credit Accounts Payable

For Cash purchases:
Debit Purchases account or Merhcandise inventory
Credit Cash

What would be the entry when we pay off the credit?

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