[Darina]

Thank you very much 🙂

[Darina]

Hello! Please, someone explain me what does exactly mean this: The purchase returns day book included a sales credit note for $230 which had been entered correctly in the account of the customer concerned, but included with purchase returns in the nominal ledger.
I also want to ask : Is that the correct entry: Dr Sales returns $230
Cr Receivables $230

The entry that has been made: (is it that): Dr Purchase returns $230
Cr Receivables $230

And it is shown that the correction in the journal is:
Dr Purchase returns $230
Dr Sales returns $230
Cr Suspense a/c $460

I don’t understand why we debit again Purchase returns in the journal?
Or I completely don’t understand this question???
Please, help me 🙂 Thank you in advance 🙂

[Author]

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