![]() ![]() Purchase Return Book With Tax Excel Template Accounts Payable amount of the supplier decreases whenever a purchase return is initiated. ![]() Thus, the supplier’s account is debited in our books of account. ![]() Such transactions are posted in the Purchase Return Book in the respective account of the supplier as and when the return of goods takes place.Įvery entry in the Purchase Return Book is made on the basis of debit notes issued by the buyer to the suppliers. Such discrepancies happen often in every business and are a routine part of the business. Purchase Return Book is also called Return Outward Book. Purchase Return Book is a subsidiary book of accounts that records the goods returned to our suppliers that are against the purchase order, poor quality, inaccurate quantity or untimely delivery. Earlier, we have issued a Simple Purchase return Book Template which only contains simple transaction details. ![]()
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