Accounting for purchases returns (goods returned to suppliers).
Accounting for purchases returns (goods returned to suppliers).
Keywords: Accounting for purchases returns (goods returned to suppliers).
Bob found on January 16 that 12 eggs and 1 pound of cheese are not fresh. At first, he switched off the entries source #15 "Purchase return. Debit Returns Receivable per vendor, Credit Sales Tax Payable from returns per Tax for tax amount". Then he made this purchase return to the Carlo's grocery: