Question

in final account what is mean by returns purchase return or sales return​

Answer 1

Answer:

Explanation:

Sales returns is known as customer return which is returned due to damage,unsatisfying and exchange.

And purchase returns means to send any items to the supplier because of many reasons eg,manufacture defect,damage,items name different etc.

Purchase return not effect to the book of account but sales return will effect to the book of account due to the customer returned.

Answer 2

Answer:

Purchase Return :-returning of purchased goods ( due to any condition)

Sales Return :- returning of sold goods by customers