How to write up a purchases returns day book
When goods go back to a supplier, the credit note goes in the purchases returns day book. Write one up and post its totals.
Task 1Credit notes from suppliers3 questions
When a business sends goods back, the supplier sends a credit note. It reduces what the business owes that supplier.
Credit notes received from suppliers are listed in the purchases returns day book. It has the same columns as the purchases day book.
A credit note is never taken off a line in the purchases day book. It gets a line of its own, in its own book.
Task 2Writing up the returns3 questions
Task 3Posting the returns totals2 questions