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Sales return

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2013 sir/madam

suppose goods are sold in the month of feb 2013 and it was returned in may 2013 weather i can adjust this sales return of may 2013 while preparing balance sheet as on 31 march 2013 ?
the above sold goods are not on approval basis ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 August 2013 Since the actual return take place in May-13, you cannot take in to account in Mar-13 as anticipating the return.
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