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Debit note is the basis for recording a transaction in which...

This question belongs to Commerce Accounting
Accounting
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Debit note is the basis for recording a transaction in which of the following journals?

Answer & Solution
Correct Answer: Option D
Debit note is the basis for recording a transaction in Purchase return journal. The source document for recording entries in the purchases return journal is generally a debit note.
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K Mani
K Mani 7 years ago
Why debit note be recorded in purchase return journal ?
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