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Return Inwards Journal is also known as Return Inwards Day Book. It records all credit notes received by the firm. Individual entries in a return inwards day book are posted to the credit side of the debtors account in the sales ledger and the total is posted in the debit side of return inwards account in the general ledger.

Kavungya answered the question on
August 17, 2021 at 08:11
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