Recording of Transactions-II

the buyer. Like the debit note, the credit note is also prepared in duplicate and contains detail relating to the name of the customer, details of the merchandise received back and the amount. Each credit note is serially numbered and dated. The source document for recording entries in the sales return book is generally the credit note. The format of the sales return book is shown in figure . Sales Return (Journal) Book Credit Name of the customer No. (Account to be credited) Fig. . : Format of sales return (journal) book Refer to the sales (journal) book of Koina Supplier of you will find that two water purifiers were sold to Raman Traders for Rs , each, out of which one purifier was returned back due to the manufacturing defect (credit note no. / ). In this case, the sales return (Journal) book will be prepared as follows : Sales Return (Journal) Book Credit Name of the customer No. (Account to be credited) / Raman Traders , , Posting to the sales return journal requires that the customer’s account be