Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

Items that were bought on credit have now been sent back to the supplier. In the buyer’s books of account, how should this be entered?

  • ADebit bank; Credit purchases returns
  • BDebit trade payable; Credit bank
  • CDebit trade payable; Credit purchases returns
  • DDebit purchases returns; Credit trade payable

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