Journal entry for sales and sales return?

Answer 1

Journal entry for booking a sale:

Accounts Receivable/Party [Debit] $value$

Sales [Credit] $value$

Tax on sales (GST. excise, etc.) [Credit] $value$

Primarily, it is a reversal of the entry passed at the time of booking the sale:

Sales [Debit] $value$

Tax on sales [Debit] $value$

(GST. excise, etc.)

Accounts Receivable/Party [Credit] $value$