Accounting for IGCSE & O level - Accounting Procedures (Section 16 - No. 12)
When a business returns goods to a supplier, what entry is recorded in the purchases journal?
No entry is made in the purchases journal.
Debit the supplier's account, credit purchases.
Credit the supplier's account, debit purchases.
Debit purchases returns, credit supplier account.
Explanation
Returns outwards are recorded in the purchases returns journal, not the purchases journal itself.
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