Hi,
Please help me clear my confusion
My question is, I return a damaged furniture worth of 680 which I originally bought for 2680.
What account will be credited and what account will be debited?

Hi,
Please help me clear my confusion
my question is, i return a damaged furniture worth of 680 which i originally bought for 2680.
what account will be credited and what account will be debited?
Furniture account will be credited and accounts payable accounts will be debited

Accounts payable a/c dr
To furniture a/c