Define: Returns Outwards

UK Accounting Glossary

Definition: Returns Outwards


Quick Summary of Returns Outwards


Returns outwards are goods returned by the customer to the supplier. For the supplier, this results in the following accounting transaction: A debit (reduction) in revenue in the amount credited back to the customer.



What is the dictionary definition of Returns Outwards?

Dictionary Definition


Refers to goods returned by an organisations to it’s suppliers, usually because they are of unsatisfactory quality.


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Full Definition of Returns Outwards



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Returns Outwards FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/returns-outwards/
Modern Language Association (MLA):
Returns Outwards. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 https://payrollheaven.com/define/returns-outwards/.
Chicago Manual of Style (CMS):
Returns Outwards. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/returns-outwards/ (accessed: September 17, 2019).
American Psychological Association (APA):
Returns Outwards. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/returns-outwards/

Definition Sources


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This glossary post was last updated: 4th May 2019.