Learning Objectives
After completing this module, you would have learnt to:
1. Complete the Proforma of a typical Purchases Returns Journal
2. Post the transactions from Purchases Returns Journal to Ledger accounts
3. Verify the dual aspect with respect to flow of recorded transactions in purchases returns journal to Ledger
4. Understand the posting of transactions to Purchases Ledger Control account (if maintained)
5. Apply spreadsheet (such as MS Excel) in preparation of (purchases returns) journal voucher to post purchases returns transactions to ledger accounts