Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 34 - No. 11)
What is the source document for an entry in the purchases returns journal?
A sales invoice
A credit note received from the supplier
A debit note issued to the supplier
A purchase order
Explanation
A credit note from the supplier indicates goods were returned or an allowance granted, forming the basis for the journal entry.
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