Purchase Return Book | Subsidiary Books | Examples

and Supplier will Credit the Buyer (It is Double Entry system)

• Journal Entry for Sales Returns In the books of Supplier/Vendor: -

DD/MM/YY  Sales Returns A/c,                Dr. XXXX

                             To Buyer's A/c                                      XXXX

So, Debit/Credit Note is Debit Note for the one-party and Credit Note for the other party. The Debit/Credit Note Format as shown below:

Types of Purchase Return Book:

it has two types, which are shown below:

1. Simple
2. Columnar

1. Simple:

In simple type of of Purchase return book we will not shows the details of taxes and other transportation expenses in separate column.

Example:-

From the following particulars, prepare the Purchases Return Book of a Stationary merchant M/s Pen Store -  Hoshiarpur Punjab India: 01/04/2018 The following Goods returned to M/s Ram & Sons - "Jalandhar Punjab India" because these are defective. 10 Packets of the ball pens @ Rs 20 per Packets 10 Packets of the Ink pens @ Rs 40 per Packets 04/04/2018 The following Goods returned to M/s sham & Sons - "Ludhiana Punjab India" because these are defective. 2 Ream of the A4 size paper reams @ Rs 150 per Ream 20 Pcs of the Small Note Book  @ Rs 18 per pcs 10 Pcs of the Lager Note Book  @ Rs 28 per pcs

Solution: -

First of all, we have to generate a Debit note of these goods after that we will post these transactions into the Purchase Return Book. I will show you step by step as follows: -

Now we will post it into the Purchase Return Book. *Note: - Here we are showing posting of both the transaction together but in real We have to post each transaction individually when the debit note issued to the supplier means date wise.  b Purchase Return Book ExampleIf you have any questions about this topic please ask it in the comment section below. Thanks