Question

Q17- Give specimen of the following with two entry in each?
1- Purchase Returns Book
2- Sales Return Book.
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Answer 1

Answer:

Give specimen of the following, with two entries in each-. (i) Purchase Book, (ii) Purchases Return Book. Solution 1: Purchases Book:- All the credit purchases of goods are recorded in the ... Price of 2 such tables = Rs. 20,000 × 2 = Rs. 40,000

Answer 2

Answer:

Purchase Return Book:

      Purchase Return Book is also known as “Return outward Book” which records the return of the goods to the suppliers. When we receive poor quality, inaccurate quantity goods we will return to the suppliers.

Sales Return Book:

    Sales Return Book is a book in which records the goods returned by the customers or buyers. It is also known “Return Inward Book”.  Our customers or buyers will return the goods when they received any defective goods or the goods are not up to the level of their expectations.