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It is not necessary to return items sold before probate. But there must be a full accounting and all monies put to the estate.

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Q: If items are sold before probate do they have to be returned?
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Related questions

What if items were sold to settle accounts before probate?

As long as they were sold for fair market value, it should be okay. And very good records need to be kept to show the courts.


What is return sales?

When the sold items are returned back to the seller by the customer then, it is Sales Return for the seller.


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That is normally part of the process of settling an estate. The items have to be fully inventoried and assessed and sold at fair market value.


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If the person who owned the home is now deceased, that person's estate must be probated before the home can be sold. Probate is what authorizes someone representing the estate of the deceased person to sell the home.


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Where do you put Sales Returns and Allowances on a trial balance?

On the trial balance, Sales Returns and Allowances is a liability. If items returned are sold later, they become assets under sales.


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