Asked by
Frank Strazza
on Dec 16, 2024Verified
In which journal is the return of supplies purchased on account recorded?
A) general journal
B) cash receipts journal
C) cash payments journal
D) purchases journal
Purchases Journal
A financial journal used to record all purchases of goods and services on credit.
Return Supplies
Returned goods or materials that were previously purchased, which can reduce the payable amount or be exchanged for credit.
Account Recorded
This refers to the entry or documentation of financial transactions in the appropriate accounts within a company's financial records.
- Find and order transactions in the correct accounting books.
Verified Answer
KD
Learning Objectives
- Find and order transactions in the correct accounting books.