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Sales returns

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Guest

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Guest (Querist)
03 August 2011 Can sales returns show in goods in transit ? what is the treatment for sales return at the end of the year if the company is not received goods but received credit note from customer ?

Thanks in Advance
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
07 August 2011 In the case, you have to deduct the same from the sales and you can show the goods as goods in transit.

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