How to account sales returns

phanindra kumar (Student CA Final ) (85 Points)

09 April 2014  

Sir/Mam Please clarify it this transaction:

 

Machine despatched  to SEZ Unit through ARE-1(Customer: x Ltd-Kancheepuram) Machine despatched on July-13 and Oct-13.

 

Now they have  sending back to Machine to Our Unit.

 

So what is the procedure??

 

We have to take sales returns for the year 2013-14 ?

 

 

Thanks in advance