Question

X Co. Ltd supplied furniture to Mr. Ravi (a trader) on credit. At the time of examining the qualities of the furniture by Mr. Ravi, it was not as per the specification and he returns them to the X Co. Ltd.

1. Can you suggest which book shall Mr. Ravi records the return of goods?

2. Specify the source document.

Answer 1

1. Purchase Returns Book/ Purchase Returns Journal

2. Debit Note