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ACCA Applied Knowledge · Financial Accounting · Double-entry bookkeeping principles including the maintenance of accounting records

Which book of prime entry would be used to record the initial entry for a sales credit note issued to a customer?

A sales credit note is first recorded in the sales returns day book, also called returns inwards. This book collects goods returned by customers. Purchases returns relate to suppliers, and the sales day book holds invoices rather than returns.

  1. ASales returns day bookCorrect
  2. BPurchases returns day book
  3. CSales day book
  4. DJournal proper

Explanation

Credit notes issued to customers for returned goods are first recorded in the sales returns day book (returns inwards). The purchases returns day book is for credit notes received from suppliers. The sales day book records invoices, and the journal is for non-routine items.

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