Is a purchase return revenue?

Question Posted / abdul rahman

3 Answers
4195 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Is a purchase return revenue?..

Answer / muthumani

No. But If they sent back thru Sale invoice, it'll indirectly contributes to revenue.
But Once it netted off against purchases, then this gets nullified.

Is This Answer Correct ?

2 Yes

0 No

Is a purchase return revenue?..

Answer / manguli charan pradhan

Is This Answer Correct ?

0 Yes

1 No

Is a purchase return revenue?..

Answer / dilip kumar

NO,

Is This Answer Correct ?

0 Yes

2 No

Post New Answer

More Accounting AllOther Interview Questions

In case of Bad Debt such amount should be credited to 1.Cash account 2.Debtors account 3.Sales account

2 Answers

what is Credit derivatives,equity derivatives,SWAPS?

1 Answers UBS,

When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.

1 Answers

wages posted twice what is the entry for that?

0 Answers Genpact,

What is Analysing

0 Answers

Definition of Health Care Accounting?

1 Answers

Let me know the chronological order to reach final accounts begining with Journalisation

3 Answers

you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

0 Answers KPMG,

Difference between Provision & Reserve?

11 Answers Genpact, HSBC,

what is serviuce tax,how to calculate service tax?

15 Answers

bank exam paper

0 Answers Bank Of India,

hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?

0 Answers

For more Accounting AllOther Interview Questions Click Here