Purchase Return book

Purchase Returns book :

Purchase returns book is used for the purpose of recording the returns of merchandise purchased in cash nor the return of any assets other than the merchandise.

Source of recording :

The entries in the purchase return book are usually made on the basis of debit notes issue to the supplier.A debit note is prepared by the purchaser and it contain the date of return . name of the supplier to whom the goods have been returned ,details of the goods returned,reasons for return the good. All debit notes are serially numbered.