Sales return is reduction in sales as customer returns goods for any reason and it is not expense.
Rate of Return on Net Sales = (Net Income) / (Total Sales)
yes
Total sales - cash sales - sales return
sales+sales return=net sales
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
sales is when u sale it dimwitt and sales return is when u return it dumbie
Sales return is reduction in sales as customer returns goods for any reason and it is not expense.
Rate of Return on Net Sales = (Net Income) / (Total Sales)
Return on sales = 814100 / 9275000 = 8.777 %
Cash Ac Dr to Sales AC To sales Return Alc
[Debit] sales return [credit] cash / bank
yes
no
[Debit] Sales Return account [Credit] Cash account
When the sold items are returned back to the seller by the customer then, it is Sales Return for the seller.
Total sales - cash sales - sales return