Page 34 - NOTES- CASH BOOK

Recording of Transactions - II 127

Pawan Electronics
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
2017
Aug. 10 Purchases 31,050
Aug. 29 Purchases 38,700

Northern Electronics
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
2017
Aug.18 Purchases 3,06,250

Purchases Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
2017
Aug. 31 Sundries as 6,12,000
per Purchases
Journal

4.3 Purchases Return (Journal) Book
In this book, purchases return of goods are recorded. Sometimes goods
purchased are returned to the supplier for various reasons such as the goods
are not of the required quality, or are defective, etc. For every return, a debit
note (in duplicate) is prepared and the original one is sent to the supplier for
making necessary entries in his book. The supplier may also prepare a note,
which is called the credit note. The source document for recording entries in
the purchases return journal is generally a debit note. A debit note will contain
the name of the party (to whom the goods have been returned) details of the
goods returned and the reason for returning the goods. Each debit note is
serially numbered and dated. The format of the purchases return journal is
shown in figure 4.7(a).

Purchases Return (Journal) Book
Date Debit Name of the Supplier L.F. Amount
Note No. (Account to be debited) Rs.

Fig 4.7(a) : Format of Purchases return (journal) book

2018-19