PRC-1 · Chapter 3 · Question 18 of 100
The total of the Purchases Returns Day Book is posted periodically to which specific ledger account?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Credit side of the Purchase Returns account in the General Ledger.
Explanation
While individual returns are debited to supplier accounts, the periodic total of the Purchases Returns Day Book is posted to the credit side of the Purchase Returns (Return Outwards) account in the General Ledger.
More Ledgers and Trial Balance MCQs
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