Business Administration

Tag: Returns & Allowances

Bookkeeping – Tracking Returns and Allowances (Lesson 39)

Feb 16, 2017

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by

David J Hoare MSA

in Bookkeeping – Regular Business Activity

Not every customer is satisfied with the product they purchase. The old saying of ‘You can’t please everyone all the time’ is true.
Returns, Allowances and Discounts in Accounting

Dec 24, 2014

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by

David J Hoare MSA

in Report Analysis – How to Read the Statements

In the revenue section of every income statement (profit and loss statement) is an adjustment group to sales. This group reflects the value related to the actual sale of the product or services.