The periodic total of purchase return journal is posted to ______________.

Purchase Account

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Profit and loss Account

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Purchase return Account

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Furniture Account

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Solution

The correct option is A Purchase return Account
Posting from the purchases returns journal requires that the supplier's individual accounts are debited with the amount of returns and the purchases returns account is credited with the periodic total.

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The total of Purchase Return book is posted to the ___ of purchases return account.

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