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Purchase return journal or purchase return day book

When we purchase goods for the purpose the reselling them, it’s likely that some of the goods would be defective and therefore, we return these defective goods to supplier. When we return goods to supplier, we record these purchases return in purchase return journal

Purchase return journal is used to record the entries or transactions for purchases return

Simple double entry for credit purchase

Debit--> Creditor-Supplier’s name/description

Credit-->Purchases return or return outward


DATE
DEBIT NOTE
SUPPLIER/ACCOUNT DEBITED
FOLIO
AMOUNT $
















Date Column: is used to record the date of credit purchase
Debit note Column: is used to record the No. of debit note received
Supplier Column: is used to record the name of supplier to whom you returned goods
Folio Column: records reference to purchases return ledger account
Amount Column: Amount of purchases return


EXAMPLE

Record the following transactions of XYZ store in a Purchase return journal for the month of march, 2011


   March 1.Returned goods to Mr. X worth $50 and Debit note No. 342 was received.
   March 21.Debit note No. 343 for $100 was received for returning defective goods to Mr. Y 
   March 26.Purchases returned value $150 to Mr. Z and debit note # 344 was received
   March 30.Goods of worth $222 were returned to Mr. G, invoice#345



Purchases return journal

DATE
DEBIT NOTE
SUPPLIER/ACCOUNT DEBITED
FOLIO
AMOUNT $
Mar.  1
Mar. 21
Mar. 26
Mar. 30
342
343
344
345
Mr. X
Mr. Y
Mr. Z
Mr. G

50
100
150
222
Mar. 31
TOTAL
622