In which journal is the return of merchandise bought on account be recorded? * Purchase Journal General Journal Cash Payments Journal Cash Receipts Journal

Question

MaximoRykei · Answer

Returned merchandise bought on account is recorded in the General Journal because it is a special transaction that doesn’t fit the common daily entries like purchases or sales.

In which journal is the return of merchandise bought on account be recorded? * Purchase Journal General Journal Cash Payments Journal Cash Receipts Journal

Answer (1)

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