Kerron owns a shop supplying fishing tackle. During March 2014 he returned goods to suppliers that had
Question:
Kerron owns a shop supplying fishing tackle. During March 2014 he returned goods to suppliers that had previously been purchased on credit.
Prepare the following accounting records to record these transactions:
• Returns outwards journal
• Trade payable accounts in the purchases ledger
• Returns outwards account in the general ledger.
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Returns Outwards Journal Date Supplier Invoice No Credit Note No Goods Returned Amoun...View the full answer
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