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A sales return daybook is a specialized accounting record used to document goods that customers return after a sale. It captures details such as the date of the return, the items returned, quantities, and reasons for the return. This daybook helps businesses track returns for inventory management and financial reporting, ensuring accurate adjustments to revenue and stock levels. It is often used in conjunction with other accounting records to maintain comprehensive financial oversight.
What else can I help you with?
Is sales return an expense?
Sales return is reduction in sales as customer returns goods for any reason and it is not expense.
What is rate of return on net sales ratio?
Rate of Return on Net Sales = (Net Income) / (Total Sales)
Is sales return return inwards?
yes
How do you calculate net credit sales?
Total sales - cash sales - sales return
How do you present sales returns in the income statement?
sales+sales return=net sales
How do you account cash sales return?
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
What is the difference between sale sand sales return?
sales is when u sale it dimwitt and sales return is when u return it dumbie
Is sales return an expense?
Sales return is reduction in sales as customer returns goods for any reason and it is not expense.
Net sales was 9275000 net income was 814100 what is the return on sales?
Return on sales = 814100 / 9275000 = 8.777 %
What is rate of return on net sales ratio?
Rate of Return on Net Sales = (Net Income) / (Total Sales)
Journal entry for sales return?
Cash Ac Dr to Sales AC To sales Return Alc
What is journal entry for sales return?
[Debit] sales return [credit] cash / bank
Is sales return return inwards?
yes
Is return outwards same as sales return?
no
What is the journal entry for sales return?
[Debit] Sales Return account [Credit] Cash account
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.
How do you calculate net credit sales?
Total sales - cash sales - sales return
