A-LevelAccountingThe accounting cycle9706/12 · May/June 2024 · Q31 Mark

Goods that had previously been purchased on credit have been returned to the supplier. How should this be recorded in the purchaser's books of account? account to be debited account to be credited

Abank purchases returns

Btrade payable bank

Ctrade payable purchases returns

Dpurchases returns trade payable

✓ Correct answer

C: trade payable purchases returns

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Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2024 Paper 1 Variant 2, question 3.

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