Question

goods return debit means what?
purchase return or sales return ? ​

Answer 1

Explanation:

Goods Return Debit:

When goods supplied are returned or when there is a revision in the invoice value due to goods (or services) not being up to the mark or extra goods being issued a Debit Note or Credit Note is issued by the supplier and receiver of goods and services. ... The Debit Note, in this case, is issued by the seller to the buyer.

Purchase Return/Sales Return:

Purchased goods may be returned due to defective quality, error, oversupply etc. In order to record these returns, we may use ” Purchase Returns Journal.” In the case of purchase return, “Debit Note” is usually sent to the seller requesting him to credit his account mentioned in the debit note.

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