Q84
Debit note is the basis for recording a transaction in which of the following journals?
A.
General journal
B.
Cash journal
C.
Purchase journal
D.
Purchase return journal
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
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.