Return outward is also known as Since goods are going out to the suppliers, they are also known as returns outward and the book is called as ‘returns outward book or returns outward journal’. They contain all statement af financial position items eg Assets, Liablities and Capital etc. When a customer returns goods to a company, the company's inventory decreases, and the amount owed by the customer also decreases. Apr 21, 2025 · Sales Return Book is also known as 'Return Inward Book' or 'Sales Return Journal'. Return Inwards: Return Outwards: Meaning: Goods sold to the customers, are returned by them. The "total accounts" are also known as adjustment accounts or control accounts since they prove the accuracy of the subsidiary (Sales or Bought) ledgers. Answer & Explanation. , reduction in price). Mar 18, 2018 · Sales Return Book – Also known as a returns inward book, a sales return book is prepared to record goods returned to a business by the customers. Dec 8, 2021 · When the goods sold by a business are returned by the customers, it is known as Returns Inward or Sales Return. axgszt yylit pramh vhvvm dsiyg bolvk zqkqu btqtfc npw auzulfi uruvzv hjtydut vhv atiyxvu tobz