Accountancy, asked by agrima9646, 1 year ago

Is returned outward and inward an expenses?

Answers

Answered by cnchaudhary
0

Answer:

Return Outwards – This is a reduction in expenses for the business.

Explanation:

Returns inwards may not involve goods intended for sale by the buyer at all - they may instead be fixed assets or items intended to be consumed internally and charged to expense. ... Returns outwards are goods returned by the customer to the supplier.

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