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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 usually on the basis of credit notes issued to the customers or debit notes issued by the customers.
Posting and Balancing
The individual entries and the periodic total of sales return book are posted into the ledger as under.
Step 1 → Individual amounts are daily posted to the credit of customers account by writing “By Sales return A/c” in the particulars column.
Step 2 → Periodic total is posted to the debit of sales return account by writing “To Sundries as per sales return book “ in the particulars column.
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