Trial balance

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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June 18, 2018 at 6:34 pm #459325
suleymanabuzerli
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when Purchase returns take place,cash in bank will directly increase?
Or any records is written in accordance with this case?
June 19, 2018 at 6:32 am #459343
John Moffat
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Purchase returns will not affect the cash.

They will reduce the amount owing to supplier. Cash is only affected if the supplier refunds money already paid for the goods, which is a separate thing.

I explain this in my lectures on control accounts.
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