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"Purchase returns" is the entry made in the journal that refers to "Unsatisfactory or defective merchandise/goods which is returned back to the supplier".it will increase total assets(cash) and increase total owner's equity(capital) .This is not an important question.....ask question like how did rap music come about...and what important information are the artist trying to pass out....i can't seem to understand.
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Journal entry for purchase returns?
Debit cash / bank / accounts payableCredit purchases returns
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
What are the books of account kept by small companies?
Purchase bk, purchase returns, sales, sales returns, cash, bill receivable and bill payable
How do you record a journal entry for purchase?
If the purchase was done on cash then, Purchase A/c Dr To Cash A/c If the purchase was done on credit, Purchases A/c Dr To Creditor A/c
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
Journal entry for purchase returns?
Debit cash / bank / accounts payableCredit purchases returns
What is a purchase returns day book?
purchase return book it for the returns outwars.
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
What are the books of account kept by small companies?
Purchase bk, purchase returns, sales, sales returns, cash, bill receivable and bill payable
How do you record a journal entry for purchase?
If the purchase was done on cash then, Purchase A/c Dr To Cash A/c If the purchase was done on credit, Purchases A/c Dr To Creditor A/c
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
How do you record journal entry for a purchase return?
debit cash / bank / accounts payablecredit purchase return
What the accounting journal entries to record purchase of basketball?
debit basketballcredit cash
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
In which special journal would a purchase of merchandise for cash be recorded?
A company that uses special journals should record a transaction involving the purchase of merchandise for cash ia a: Answer: Cash Payments Journal
How do you record a journal entry for purchase of leads?
Debit leads purchasesCredit cash / bank
What is the journal entry to record a USD purchase?
Debit USD purchasedCredit cash /bank
