Sales Return Book - QS Study
QS Study

Sales Return Book

When a business sends the ordered goods back to a vendor it is recorded in sales return book. This book is used to record all returns of goods to the business by the customers. The entries in the sales return book are generally on the base of credit notes issued to the consumers or debit notes issued by the consumers. At times the buyer might return goods due to deprived quality, wrong quantity, premature delivery or other reasons. It is also called returns inwards and an appropriate sales return or a returns inward book is maintained.

The sales returns book is debited to returns inwards account or sales returns account. The customers who have returned the goods are credited with the amount shown against their names.