Returns inward and Returns outward
Adele69
Registered Posts: 320
I probably should know this by now but are these
Returns inward = Sales Returns? deduct from Sales Revenue?
Returns outward = Purchase Returns? deduct from Purchases?
Returns inward = Sales Returns? deduct from Sales Revenue?
Returns outward = Purchase Returns? deduct from Purchases?
0
Comments
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return inwards deduct from sales revenue and returns outwards deduct from purchases0
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Thanks, I'm relieved as I recently saw this but won't know if I got it right or not. I'm sure when I did L2 a couple of years ago with Osbourne Books that there were Sales, Sales Returns, Purchases and Purchase Returns. It's a real pain that accountancy has so many alternative terms0
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