What is the Journal entry on return of merchandise previously purchased on account?

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1280602

2026-06-06 06:31

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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)

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CA. Ravi Chugh

(FCA, Visiting faculty ICAI & Top Institutes of CA studies, IPCC-Accountancy)

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