Purchases Return Book 📚

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Purchases Return Book 📚:- 

        When the trader purchases goods, he verifies whether they are in good condition and agree with the terms and conditions of the order he placed . If the goods received are defective in quality or damaged in transit or not up to the sample shown at the time or order placing, the trader will return such goods to the supplier will be entered in a separate Book 📚 called purchase returns book. Allowances claimed for breakages, short weight, over charge etc., also may be dealt with in the same book 📚. This book 📚 is also known as returns outwards book as goods returned are going out of the business. This book is also known as returns outwards book as goods returned are going out of the business. When purchases returns are made to the suppliers, a debit note will be sent to them giving reference that their Accounts are debited in the books 📚 of trader to the extent of goods returned to them. This is because suppliers Account is credited with the whole amount when goods are purchased. The following is the Proforma of purchases returns book 📚.





1) The first column is meant to record the date of return of goods to the supplier.


2) The second column is meant to record the name of the supplier to whom the goods are returned.


3) The third column is meant to record the ledger folio of the supplier.


4) The fourth column is meant to record the number of debit note.


5) The fifth column is meant to record the value of goods returned.


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