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What is the journal entry for purchase returns?

Anonymous

∙ 11y ago

Updated: 4/28/2022

[Debit] Purchase Return

[Credit] Purchases

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∙ 11y ago

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Journal entry for purchase returns?

Debit cash / bank / accounts payableCredit purchases returns

What is the journal entry for purchases returns of inventory?

Debit accounts payable / bankCredit purchase returns

What is the journal entry for purchase return goods on credit?

debit accounts payablecredit purchase returns

What is the journal entry for a purchase purchased on account of 54780?

what is the journal entry for purchase returns

How do you pass journal entry for returning purchased goods?

debit accounts payable/ cashcredit purchase returns

Related Questions

Journal entry for purchase returns?

Debit cash / bank / accounts payableCredit purchases returns

What is the journal entry for purchases returns of inventory?

Debit accounts payable / bankCredit purchase returns

What is the journal entry for purchase return goods on credit?

debit accounts payablecredit purchase returns

What is the journal entry for a purchase purchased on account of 54780?

what is the journal entry for purchase returns

How do you pass journal entry for returning purchased goods?

debit accounts payable/ cashcredit purchase returns

Purchase return Accounting?

"Purchase returns" is the entry made in the journal that refers to "Unsatisfactory or defective merchandise/goods which is returned back to the supplier".

What is the journal entry for sales returns and allowances?

Debit: Sales Returns & Allowances Credit: Accounts Receivable :)

What is the accounting journal entry to record the purchase price of a business?

The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.

What is the journal entry for purchase of a business?

debit assetsCredit liabilitiesCredit cash

Types of books of original entry?

cash book, petty cash book, returns inwards journal, returns outwards journal, yes

What are the journal entry on purchase of software?

Debit software purchase accountCredit cash / bank

What is journal entry of purchase of raw material on cash?

The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX

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