Purchase returns, Accounting Basics

What is Purchase Returns?

Posted Date: 2/12/2013 5:15:19 AM | Location : United States





A purchase return or return outward arises when a business or purchaser returns to a supplier goods previously bought from the supplier. The item may be returned for a range of different reasons.

Posted by Jack | Posted Date: 2/12/2013 5:17:58 AM


Related Discussions:- Purchase returns, Assignment Help, Ask Question on Purchase returns, Get Answer, Expert's Help, Purchase returns Discussions

Write discussion on Purchase returns
Your posts are moderated
Related Questions
An example of a committed fixed cost would be: a) taxes on real estate b) management development programs c) public relations d) advertising programs


Q. Effects of failing to prepare adjusting entries ? Failure to organize proper adjusting entries causes net income and the balance sheet to be in error. You are able to see the


Prepare the Journal Entries Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the tr

Selling the rights to the quantity owing by debtors to a finance company for an agreed amount (which is a lesser amount of than the figure at which they are recorded in the account

Q. Learning objectives of trial balance? - The cash basis of accounting know revenues when cash is received and recognizes expenses when cash is paid out. - The accrual basi

began his business with equipment valued at $40,000 and place $400,000 in the business checking account. what are the accounts affected?

#questiSean Corp. issued a $60,000, 10 year bond at the face rate of 8% annually on 1/1/X0. The market rate was 10%. How much cash will the bond investors receive at the end of the

Assignment: This assignment will be to describe and document the internal controls over a transaction cycle at a local business. A transaction cycle could be the sales process,