Sales-return accounting example

Amir project documentation for open-source Laravel accounting.

Sales-return accounting example

Sales return

Event

In Mordad (the fifth month), the company sold goods:

  • It received 300,000 rials in cash.
  • The remaining sale amount was on credit.
  • The goods cost 240,000 rials.

Some of the goods have now been returned.

Required posting

Description Debit Credit
Sales returns and allowances 30,000  
Customer   30,000
Inventory 24,000  
Cost of goods sold   24,000

The partial return therefore reduces net sales and increases inventory.

For the purchase-return posting, see the purchase-return guide.