BGCSE Accounting 1442 Practice Questions - BEC BGCSE BSSE Accounting (Syllabus 1442) Exam

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Goods purchased on credit for P1,200 were returned to supplier K. Boitumelo. In which book of prime entry and ledgers are these returns recorded?

Purchases Returns Journal; debit K. Boitumelo account in Purchases Ledger and credit Purchases Returns in General Ledger Sales Returns Journal; credit K. Boitumelo account in Sales Ledger and debit Sales Returns in General Ledger General Journal; debit Purchases Returns and credit K. Boitumelo account Purchases Journal; debit K. Boitumelo account and credit Purchases account

Correct Answer:

Purchases Returns Journal; debit K. Boitumelo account in Purchases Ledger and credit Purchases Returns in General Ledger

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