Purchases returns and allowances are recorded in the

Question

Quizplus · Accepted Answer

Purchases returns and allowances are not a normal part of the purchasing process, so they are not recorded in the purchases journal. They are recorded in the general journal as they affect multiple accounts. The merchandise journal is used to record the details of each individual sale, not purchases returns and allowances. The accounts payable journal is used to record purchases on credit, not returns and allowances.

Purchases Returns and Allowances Are Recorded in the