Question

What purpose do the purchase return and sales book serve?How are they prepared?In what respect are they different from each other?

Answer 1

purchase return book, sales book comes under subsidiary books these books provide list of similar transactions at one place these books exclude sale of assets ,cash sales .


the difference between purchase return books and sales book is that

purchase return book shows the goods which are purchased and that are returned where us sales book shows the sales of him.

Answer 2

A purchase book or purchase return book is a subsidiary book of the actual or the original and Subsidiary books contains the record of the actual transaction or transaction which are very likely are very similar to the original transaction.

Explanation:

• Any organization or any business will maintain six different kind of subsidiary books they are cash book purchase return book sales book journal proper sales return book and many more.
• Different organizations which cannot or which do not maintain these kinds of books will opt a different way which is maintaining a journal to record all the different transactions.
• To go into detail A purchase book is a type of subsidiary book in which all the different details of credit purchases are recorded.
• Purchase return book is prepared to find out the different amounts are all the sum of amount that have been returned to the company after sales due to multiple reasons such as defect in product or an unhappy customer.
• But sales book consists of all the records of all the cells that have taken place the company over the accounting year.
• This book consists of different types of sales made by the company therefore is called sale book.

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What is the difference between Marketing and sales?

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