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Posting and Balancing

The individual entries and the periodic total of the Purchase return book are posted into the ledger as under:


Step 1: Entries are posted to the debit of Supplier’s accounts by writing “To Purchases Return A/c” in the particulars column.

Step 2: Periodic total is posted to the credit of Purchases Return account by writing “By Sundries as per Purchases return book” in the particulars column.

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