What do you mean by purchase return, accounting, Basic Statistics

Assignment Help:

What do you mean by Purchase Return? Give an example.

Ans. Sometime the goods an organization orders are not up to the mark and they are not supposed to keep or accept so the same needs to be returned back to its supplier or vendor or seller, it can be whole of the goods or a part of the goods. For example a firm orders for 500 boxes of Pencil, on delivery it is found that the 100 boxes are broken, so all the 100 boxes will be returned back to the company, first the entry of whole 500 boxes will be recorded and then the returned 100 boxes will be recorded in the purchase return book and at the end of the month the total of Purchase Return it will be transferred to the Purchase Return Book.

 


Related Discussions:- What do you mean by purchase return, accounting

Marketing research field surveys, In marketing research field surveys ar...

In marketing research field surveys are commonly used to collect primary data from the respondents. 1. Through Personal Interviews: The investigator follows a rigid proced

Calculate its stationary probabilities, A small specialized workshop is use...

A small specialized workshop is used to perform periodic check-up on some high-tech devices. The check up is made in three stages whose durations are independent random variables w

Determine the probability of coding region , Using 1 st order models shown...

Using 1 st order models shown in homework 2 solution determine the probability of coding region in frame two for DNA fragment AGTAGCTTCCAG. Use only parameters provided in the hom

What is a purchase discount, What is a purchase discount? A buy lower pr...

What is a purchase discount? A buy lower price is a deduction that may be available to a customer if the client will pay an account within a prescribed time. For example, a supp

Costing for labour, ways or techniques for labour control policy

ways or techniques for labour control policy

SPSS, Assignments due 9/14/2012 Need pricing

Assignments due 9/14/2012 Need pricing

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

Depression screening measures , A study of a new anti-depressant drug took ...

A study of a new anti-depressant drug took a sample of 10 individuals with high depression screening measures (DSM) and gave them the drug for three months.  At the end of the thre

Simulation for structural equation modeling, I want to simulate observed va...

I want to simulate observed variables for structural equation modeling. In real data it is assumed that observed variables are not error free variables, so should i also simulate e

Analytical approach of strategy, 1. Comment on influence of study design, s...

1. Comment on influence of study design, sampling strategy and scale of measurement of outcome variable, on your choice of analytical approach Study design: the study design i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd