The following journal entry is required to be passed on return of merchandise, previously purchased on account:
Creditors A/c Dr.
To Purchase Return A/c
(Being goods returned to suppliers)
For any more query, you can follow me at caravi1234.blogspot.in / Facebook
CA. Ravi Chugh
(FCA, Visiting faculty ICAI & Top Institutes of CA studies, IPCC-Accountancy)
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