A Credit Note is the basis for recording a transaction in which of the following?

Purchase Journal

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Sales Journal

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Purchase Return Journal

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Sales Return Journal

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Solution

The correct option is D
Sales Return Journal

A Credit Note is the basis for recording a transaction in Sales Return Book.

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Similar questions

X sends back Rs 8000 of faulty goods to Y. In which of the following books of prime entry would Y record this transaction.

Sales & Purchase journal don't record :

Pass necessary Journal entries' to rectify the following errors:

(i) Goods returned to Mahima for Rs 5,000, entered into Sales Returns Book.

(ii) Kajol returned goods worth Rs 2,000, entered into Purchase Returns Book.

(iii) A credit purchase of Rs 3,000 from Ravina was recorded through Purchase Returns Book.

(iv) Goods worth Rs 1,160 returned to Karishma, were recorded in Purchase Book as Rs 1,106.

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