Title- Sales Return [Hindi]
Description- In normal day to day functioning of a business, goods/stocks which are sold, being returned is quite common. This can happen for a variety of reasons like defects in goods, quality standards not matching with the required quality demanded, buyer not requiring stock, etc. So when these goods which were sold earlier are returned, this process is called Sales Return. This leads to a decrease in gross sales of the seller. These transactions of goods being returned, like any other accounting transactions have to be recorded in books of account. These transactions are recorded under contra revenue account. Considering a transaction of credit sales, two elements that would be affected will be the sales A/C and the buyer A/C. Sale of stock, being an income, the sales A/C is credited and the buyer being a benefit receiver, buyer A/C is debited. Therefore, in case of sales return, sales A/C is debited and Buyer A/C is credited. This feature of the Marg software helps an organization to trace all the stock/goods that is returned. For doing this an organisation has to issue credit notes which list the items that have to be re-delivered to the customer. Hence, it shows the amount of stock/goods that the organization owes to its customers.
Keyword- Sales Return Tutorial ''Marg Software''
Title- Purchase Return Breakage Expiry & Replacement Receive Tutorial ''Marg Software'' [ Hindi]
Description- This is used to record all those transaction for which an organisation has received replacement for goods and services which was returned by it to its suppliers on account of defects in goods, quality standards not matching with the required quality demanded, buyer not requiring stock, etc.
Keyword- Purchase Return Breakage Expiry & Replacement Receive Tutorial ''Marg Software''
Title- Sale Return [Hindi]
Description- This is prepared when all sale return entries are to be recorded. This provides evidence regarding a credit has been given to the buyer or when a buyer allows himself credit due to rate difference or discount, etc. Credit Note is a document for a credit to be raised for a party for reasons other than the bill already received from that party. For example, A company decided to give additional trade discount of Rs 5,000 to its customer . For this purpose it will raise a credit Note for the discount amount. In Marg you can enter Credit Note related details by using the Credit Note . To create, modify, or delete a Credit Note, the Transactions menu provides the Credit Note option under Voucher Entry.
Keyword- Credit Note, Sale Return,