Sales return book

Sales return book :

Sales return book is used for the purpose of recording the return of merchandise sold on credit. It records neither the return of merchandise sold on cash basis nor the return of any asset other than the merchandise.

Source of recording :

The entries in the sales return book are usually, on the basis of credit notes issued to the customer.A credit note is prepared by the seller and it contain the date of return of goods. The name of the customer who has returned the goods details of goods received back the amount of such goods . all credit notes are serially numbered.