The periodic total of purchase return day book is posted to ______.

Credit side of purchase A/c

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Debit side of trading A/c

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Credit side of creditors A/c

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Credit side of sales A/c

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Solution

The correct option is A Credit side of purchase A/c
Purchase return day book is a subsidiary book in which all the credit purchases returns are recorded. It has 05 columns. At the end of a specific period, the total of purchase return day book is posted to credit side of purchase a/c in ledger.

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Similar questions

Q. Correct the following errors in Hari’s Books:
(i) Credit sale of ₹ 132 to R. Krishan correctly entered in Sales Journal but posted to his account as ₹ 312.
(ii) The total of the credit side of Ramesh’s Account was overcasted by ₹ 2,000.
(iii) Total of the Purchases Journal of ₹ 5,250 has been posted to Purchases Account as ₹ 5,205.
(iv) Printer purchased from R. Ltd. for ₹ 4,000 on credit was entered in the Purchases Book.
(v) An item of ₹ 2,000 entered in the Sales Return Book was posted to the debit of Pandey who had returned the goods.

Q. A Trial Balance disclosed a difference of ₹ 417 placed on the credit side of the Suspense Account. Later on the following errors were located:
(i) Goods worth ₹ 200 purchased from Sohan had been posted to his account as ₹ 250.
(ii) A purchase of furniture for ₹ 500 was recorded in the Purchases Book.
(iii) Instead of crediting Gian’s Account with ₹ 512, it was debited with ₹ 215.
(iv) Goods worth ₹ 130 returned by Gian were entered in the Sales Book and posted therefrom to the credit of Gian’s Personal Account.
Pass the rectifying entries and prepare a Suspense Account.

Q. Rectify the following errors found in the books of Mr. Suhail by passing entries:
(i) One item of purchase of ₹ 250 has been posted from the purchases book to the ledger as ₹ 350.
(ii) Sales return of ₹ 2,000 from a party has not been posted to that account, through the party's account has been credited.
(iii) A cheque of ₹ 600 issued to the suppliers account (shown under Sundry Creditors) toward his dues had been wrongly debited to the purchases account.
(iv) Credit sale of ₹ 1,000 has been credited to the sales and also to the Sundry Debtor's Account.

Is it correct that the total of the purchase invoices recorded in the purchases book is posted to the debit side of the purchases account in the ledger and credited to the accounts of suppliers?

Mention the subsidiary books in which the following transactions are recorded with reason thereof.

(i) Purchase of furniture on credit for use in a shop.

(ii) Sale of goods on credit.

(iii) Goods returned by debtors

(iv) Purchase of stock on credit.

(v) Providing for interest on capital to a proprietor.

(vi) Goods returned to creditors.

(vii) Sale of goods for cash.

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The periodic total of purchase return day book is posted to ______.

The correct option is A Credit side of purchase A/cPurchase return day book is a subsidiary book in which all the credit purchases returns are recorded. It has 05 columns. At the end of a specific period, the total of purchase return day book is posted to credit side of purchase a/c in ledger.

The correct option is A Credit side of purchase A/c
Purchase return day book is a subsidiary book in which all the credit purchases returns are recorded. It has 05 columns. At the end of a specific period, the total of purchase return day book is posted to credit side of purchase a/c in ledger.