Returns Outwards

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Definition: Returns Outwards

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.

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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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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.
April 23, 2024 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: April 23, 2024).
American Psychological Association (APA):
Returns Outwards. PayrollHeaven.com. Retrieved April 23, 2024
, 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)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 18th July, 2019 | 0 Views.