Define the concept of return of out ward

1.	Define the concept of return of out ward
Answer» Answer: Returns outwards are GOODS returned by the customer to the supplier. For the supplier, this results in the following ACCOUNTING transaction: A debit (reduction) in revenue in the amount CREDITED BACK to the customer.

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Answer:

Returns outwards are GOODS returned by the customer to the supplier. For the supplier, this results in the following ACCOUNTING transaction: A debit (reduction) in revenue in the amount CREDITED BACK to the customer.

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

Define the concept of return of out ward​

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Define the concept of return of out ward