sales returns book


abbreviation: SRB. A record of an accounting entity’s sales returns, giving, for each return, the name of the purchaser, date of the return, amount of invoiced charge to be cancelled, and, possibly, the number of the accounting entity’s credit note. Each return is credited to the account of the purchaser in the debtors ledger but only periodic totals need be posted to the debit of the sales returns account. Also called ‘returns inward book’.


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