Sales Return Book

The Sales Return Book, also known as the Return Inward Book, records the return of goods previously sold on credit. It helps track goods that customers return due to issues like defects or incorrect deliveries.

Key Features:

• Records Goods Returned by Customers: It tracks all goods returned by customers who initially purchased them on credit.
• Excludes Cash Sale Returns: Goods returned from cash sales are recorded in the cash book, not in the sales return book.
• Reduces Sales: These returns reduce the total sales value for the period and are posted in the Sales Return Ledger.

Purpose:

The sales return book is used to record and track goods returned by customers, ensuring accurate accounting for returned products and sales adjustments.

Format:

Example:

If a customer returns goods worth Rs. 5,000, the return will be recorded in the sales return book as:

Conclusion:

The Sales Return Book helps businesses maintain a record of all returned goods, ensuring adjustments in sales figures and providing clarity on returns from customers.