Question

purchased return debut or credit side ?​

Answer 1

Answer:

Hi,

Explanation:

Purchase Returns Account is a contra-expense account; therefore, it can never have a debit balance. The balance will either be zero, or credit. The main premise behind accounting for purchase returns is to reflect the books as if no purchase had been originally made.

Hope it will help you...

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Answer 2

Answer:

Answer:

Hi,

Explanation:

Purchase Returns Account is a contra-expense account; therefore, it can never have a debit balance. The balance will either be zero, or credit. The main premise behind accounting for purchase returns is to reflect the books as if no purchase had been originally made.

Hope it will help you...