sales returns

sales returns
sales returns UK US noun [plural] COMMERCE, ACCOUNTING
products that customers have bought and then returned to the company, store, etc. that they bought them from, and the value of these products: »

The company said it was boosting its reserve for sales returns by $3.1 million in the quarter.

a comparison of a company's sales and its profits during a particular period: better/improved sales returns »

Improved sales returns had material impacts on our results.

See also RETURN ON SALES(Cf. ↑return on sales)

Financial and business terms. 2012.

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Look at other dictionaries:

  • sales returns account — ➔ account1 * * * sales returns account UK US noun [C] COMMERCE, ACCOUNTING ► an account that records the value of products that have been sold but not yet paid for ► an account that records the value of products that customers have bought and… …   Financial and business terms

  • sales returns book — ➔ book1 * * * sales returns book UK US noun [C] COMMERCE, ACCOUNTING ► a book in which a company or store records details of all products that customers have returned …   Financial and business terms

  • sales returns — 1) See: returns inwards 2) A report on sales made in a period …   Accounting dictionary

  • sales returns — 1) See returns inwards 2) A report on sales made in a period …   Big dictionary of business and management

  • sales returns book — See: returns inwards book …   Accounting dictionary

  • sales returns — / seɪlz rɪˌtɜ:nz/ plural noun items sold which are returned by the purchaser …   Dictionary of banking and finance

  • sales returns book — /seɪls rɪ tɜ:nz bυk/ noun a ledger giving details of goods returned by purchasers, including invoice number, credit notes, quantities, etc. Abbreviation SRB …   Dictionary of banking and finance

  • returns inwards book — sales returns book The book of prime entry used to record any returns of goods sold. Returns are posted to the individual debtor s account in the debtors ledger and the total returns are posted to the debtors ledger control account and returns… …   Accounting dictionary

  • returns inwards — sales returns Goods returned to an organization by customers, usually because they are unsatisfactory …   Accounting dictionary

  • returns inwards — sales returns Goods returned to an organization by customers, usually because they are unsatisfactory …   Big dictionary of business and management

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