Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?

804Active Users

804Active Users

364AccountingMedium

ASales return journal

BGeneral journal

CCash receipt journal

DPurchase journal

Correct answer

A. Sales return journal

Explanation

Sales return journal is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals? - Answer and Explanation | Academy of Pakistan