Credit memo or credit note No. is entered in which of the following journal?

A. General journal
B. Cash journal
C. Purchase journal
D. Sales return day book

The correct answer to the question: "Credit memo or credit note No. is entered in which of the following journal?" is "Sales return day book".

4 Comments

Sam on 19/02/2019 3:19 PM
I think the answer is wrong and the right answer is D.can anybody agree?
Reply
- admin on 03/05/2019 1:29 AM
  Thanks for Correction. answer updated
  Reply
raheel on 02/05/2019 5:05 PM
Credit note or memo is related to sales return and explain the buyer that your debtor account has been credit by us. Thus it should be record on sales return journal.
Reply
- admin on 03/05/2019 1:29 AM
  Thanks for Correction. answer updated
  Reply