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Format of Purchase Returns Book

Date

Debit Note No.

Name of the Customer

L.F.

Details

 

 

 

 

 

 

 

Illustration 5

 

From the following transactions, post the transactions in the Purchase returns book of RR Ltd., a Jeans dealer

 

Date

Credit Note No.

Particulars

06-01-2012

DN402

Returned to Watermarks Mills, 5 Jeans @ ₹ 200

10-01-2012 DN804 Returned goods purchased for cash from Raj Mills, 4 “X Category” Jeans @ ₹ 250
19-01-2012 DN355 Returned to Jeans World, 5 Jeans @ ₹ 180
31-01-2012 DN586 Returned a typewriters @ ₹ 3,500 purchased on credit from Raj & Co.

 

Solution:

Purchase Returns Book of RR Ltd.,

 

Date

Debit Note No.

Name of the Customer

L.F.

Details

Jan. 5

DN402

Watermarks Mills

 

5 @ 200

1,000

Jan. 18 DN355 Jeans World 5 @ 180 900

Jan. 31

 

Purchase Returns A/c (Credit)

 

 

 

 

Note:

  • Return goods purchase on cash made on 10-01-2012 will be recorded in Cash book.
  • Returned of typewriters purchased on credit will be recorded in general journal.
  • In Purchase book, only returns from credit purchases of merchandise (i.e. the goods in which the firm deals in) are recorded.





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