What purpose do the purchase return and sales book serve?
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Purchase Return Book. When the goods purchased on credit are returned to the supplier, these are recorded in the Purchase Return Book. Sometimes, goods purchased can be defective or of lowquality, etc. and hence, need to be returned.
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Atishay90:
Purchase return book are prepared to know the amount of purchase return and sales book are prepared to know the amount of credit sale
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The purpose is to record all the credit sales return and purchase return transactions in specific books
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