Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally A. Journal B. Payment C. Contra D. Receipt

Journal
Payment
Contra
Receipt

The correct answer is A. Journal.

A journal is a book of original entry in which all financial transactions are recorded in chronological order. It is the first step in the double-entry bookkeeping system.

Purchase returns, sales returns, depreciation, and bad debts are all examples of transactions that would be recorded in the journal.

A payment is a transaction in which money is paid out. It is recorded in the cash book or bank account.

A receipt is a document that is issued to acknowledge the receipt of money. It is recorded in the cash book or bank account.

A contra is an account that is used to offset or reduce the balance of another account. For example, the purchase returns account is a contra account to the purchases account.

I hope this helps!