C2 - section 3 - sales returns day book Flashcards
1
Q
What are sales returns day books?
A
The sales returns day book is a recording of all the credit notes that are to be processed for a given period.
2
Q
When are sales returns (credit notes) included in the sales day book?
A
If the business has a low level of sales returns, it is not practical to to start a whole other book, so in these cases, it is more practical to include sales returns in the sales day book as a negative amount.
