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The periodic total of purchases return j...

The periodic total of purchases return journal is posted to :

A

Purchase account

B

Profit and loss account

C

Purchase returns account

D

Furniture account

Text Solution

Verified by Experts

Correct option is C)
Posting from the purchases returns journal requires that the supplier's individual accounts are debited with the amount of returns and the purchases returns account is credited with the periodic total.
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