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AE for Sale of Goods

Is sales retu...

Question

Is sales return an expense?

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Solution

Sales return cannot be considered as an expense, but it definitely results in loss for the company or the business.

Also read:

Cash Book

Purchase Book

Sales Book and Sales Return Book

Cash Flow Statement

Ledger in Accounting

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Q. Operating Ratio 92%; Operating Expenses ₹94,000; Revenue from Operations ₹6,00,000; Sales Return ₹40,000. Calculate Cost of Revenue from Operations (Cost of Goods Sold).

Q. Calculate operating profit ratio:
Opening stock = 500000
Purchase = 50000
Sales = 75000
Closing stock = 7500
Administrative expense = 2500
Selling expenses = 6000
Divident on shares = 1500
Loss by thieft = 100000
Sales return = 1500

Q. total sales rs.120000 sales return rs.6000 cost of sales rs.80000 indirect expenses rs.5500. calculate net profit

Q. Cost of Goods Sold is Rs. 1,50,000, Operating expenses are Rs. 60,000. Sales is Rs. 2,60,000 and Sales Return is 10,000. Calculate Operating Ratio.

Q. Q.11

Q 11 Ascertain Cost of Goods Sold from the following information.

Rs.
Indirect Expenses 15,200
Direct Expenses 18,600
Sales 1,20,000
Net Purchases 72,000
Return Inwards 12,000
Return Outwards 8,000
Closing Inventory 28,000
Opening Inventory 16,000

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