A credit note issued to your business in respect of purchases should be entered into:

Name: A credit note issued to your business in respect of purchases should be entered into:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A credit note issued to your business in respect of purchases indicates that you have returned goods to a supplier. This transaction is recorded in the Returns Outward Day Book, as it pertains to goods being returned out of the business to the supplier.

A Credit Note Issued to Your Business in Respect of Purchases