Sales Return Book 📚

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Sales Return Book 📚:

       This book 📚 is also known as returns inwards book 📚. Just as we return goods to the suppliers, sometimes a trader may have to receive back some of the goods he might have sold to customers, such returns by the customers are recorded in a special journal meant for that purpose which is called sales Return Book 📚. When sales Returns are made by the customer to the trader, a note will be sent by the trader informing him that his account is credited in the books 📚 of the trader to the extent of goods returned by him. This is because of the fact that the customers Account is debited earlier with full amount when goods are sold to him.





     Just like other journals, this journal is also closed periodically and entries there in are posted to the ledger.


Debit note:- sales Returns account with the periodical total.

Credit note:- customers Account who returned the goods with the individual amount.

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