Return of goods to the supplier should be credited to ___.

Customer`s account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Purchase Return Account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Cash account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Purchases Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Purchase Return Account

Return of goods to the supplier should be credited to purchase return account.

Suggest Corrections

Similar questions

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7000 were recorded in purchase book. However, Mohan's account was correctly debited.

(b) Credit purchase from Rohan Rs. 9000 were recorded in the sales book. However, Rohan's account was correctly credited.

(c) Goods returned to Rakesh Rs. 4000 were recorded in sales return book. However, Rakesh's account was correctly debited.

(d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited.

(e) Goods returned to Naresh Rs. 2000 were recorded through purchase book. However, Naresh's account was correctly debited.

Rectification of an error of overcasting in the Purchase returns book will require purchase return account to be ___ & suspense account to be ___

		₹
(i)	Sold goods to Sanjay on credit	50,000
(ii)	Sold goods to Mohan for cash	20,000
(iii)	Purchased goods from Ram on credit	25,000
(iv)	Cash received from Sanjay	19,000
(v)	Goods returned by Sanjay	2,000
(vi)	Paid rent	500
(vii)	Cash paid to Ram	15,000

Join BYJU'S Learning Program