purchase return book it for the returns outwars.
Purchase return day book is record in which only purchase returns are recorded and no other transaction is part of this document.
Sales returns day book only record the sales returns in any day and no other entry is recorded in it.
1.Purchase Book 2.Sales Book 3.Purchase returns Book 4.Sales returns Book 5.Bills receivable Bookl pr6.Bills payable Book 7.Cash Book 8.Journal proper
The purchase day book is the book of original entry in respect of credit purchase, including both invoices and credit notes. This is the book where credit purchase transactions are recorded. Like Sales day book, purchase day book also maintain in a manual accounting system.
Purchase Day Book
Purchase Day Book is where u record all ur purchase transactions .
For a purchase day book you need invoices.A purchase day book records only the credit transactions.However, credit purchases of fixed assets are not recorded here.
Returns inwards day book is the original record of returns made by customers in any given day. Quite often this is kept as a journal or ledger. When calculating daily profit, this total figure must be considered and inventory adjusted.
day book has great imporatance in business because we are saving the records int it. there are four kinds of day books >sale day book >purchase day book >sales return day book >purchase return day book
The purchases returns day book is written up using source documents such as supplier credit notes, purchase return slips, or any documentation provided by the supplier when returning purchased goods. These documents serve as evidence of the return of goods and help in recording the transactions accurately.
Debtors are created when company sale goods to customers on credit that's why for debtors sales day book is used and purchase day book is used for creditors.
Sales Day Book: It is subsidiary book of account in which only transactions related to sales are recorded and not like general journal in which we record all monitory transactions. If the volume of transactions is huge then we use different subsidiary books of accounts for Sales, Purchase, Sales Returns, Purchase Returns,Bills Receivable, Bills Payable,and general journal to record all transactions.A sales day book can be used in any business. This type of book keeps a log of the days sales. This book can also keep track of the number of each item sold.
A purchase day book shows all the entries related to purchases made during a day, it is the primary book of records, at the same time purchase return entry are also recorded in this book.Purchase day book records all the credit purchases of business for any given day and no other entry is recorded.