Accountancy · Ch 6 — Subsidiary Books – I
Sales Return Book (Returns Inward Book)
Sales Return Book (Returns Inward Book)
Goods sold on credit that are returned by a customer — for being defective, wrong, or excess — are recorded in the Sales Return Book (also called the Returns Inward Book). The source document here is the Credit Note, sent by the seller to the customer, stating that the customer's account has been credited (i.e., the amount the customer owes has been reduced) by the value of goods returned.
| Date | Particulars (Customer's Name) | Credit Note No. | L.F. | Amount (₹) |
|---|---|---|---|---| …
A document sent by a seller to a customer stating that the customer's account has been credited for goods returned; the source document for every entr …
The ledger account, debited with the periodic total of the Sales Return Book, that reduces the effective sales figure i …