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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https://payrollheaven.com/define/returns-outwards/
Modern Language Association (MLA):
Returns Outwards. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 22, 2020 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: February 22, 2020).
American Psychological Association (APA):
Returns Outwards. PayrollHeaven.com. Retrieved February 22, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/returns-outwards/

Definition Sources


Definitions for Returns Outwards are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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