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Returns Books
Returns Books are those books in which the goods returned to the suppliers and goods returned by the customers are recorded.
The reasons for the return of goods are
i. not according to the order placed.
ii. not upto the samples which were already shown.
iii. due to damage condition.
iv. due to difference in the prices charged.
v. undue delay in the delivery of the goods.
Kinds of Returns Books
The following are the kinds of Returns Books;
i. Purchases Return or Returns outward book
ii. Sales Return or Returns inward book
When the business concern returns a part of the goods purchased on credit, the returns fall under the category Purchases Return or Returns Outward.
When the business concern receives a part of the goods sold on credit, the returns fall under the category of Sales Return or Returns Inward.
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