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Question

What is a sales return example?


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Solution

Sales return example can be depicted as follows:

Ram purchases a mobile of ₹5000 on credit from Ajay Mobiles, but the mobile turns out to be defective and hence Ram returns the same to Ajay Mobiles.

In this case, Ram is the customer and Ajay Mobiles is the business and the mobile (product or good) was purchased on credit by the customer from the business and returned back to business as it turned out to be defective.

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