Answer:
- Sales Journal = For seller
- Purchases Journal = For buyer
Explanation:
A credit note is issued by a supplier to a purchaser when the purchaser returns goods back to the supplier. The note is essentially an acknowledgment that goods have been returned to the seller.
The seller would therefore record this in the Sales Journal to show that the sales has been reduced by the goods that were returned to them with the relevant entry being a debit.
The buyer would also record this in their purchases journal to show that their purchases have decreased and the relevant entry will be a credit.
We have no way of proving this hypothesis to be true.
1. We had a flat tire, Amos was car sick, and we got lost.
2. Chris thought I hoped they will choose me for their team.
