ICAEW AF · Chapter 3 · Question 11 of 11
Which source document is used to write up the purchase returns day book?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Credit notes received from suppliers
Explanation
The purchase returns day book lists goods returned to suppliers, and its source documents are the credit notes that suppliers send to confirm the reduction in the amount owed. Credit notes issued to customers are recorded in the sales returns day book, and suppliers' invoices in the purchases day book.
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