Question

Return outward is a nominal account explain

Answer 1

nominal account are also referred to as income statement account because the nominal accounts are accounts of income and expenses and their balanced are disclosed in income statement ......... purchase return account is also known as return outward account.

Answer 2

return outward is purchase return. When you purchase something and are not happy with it, you return it. In the same manner, if you have a business and you do not like the goods/ raw material purchased by you then you can return it to the seller.