Explain Sales Returns Register.
Sales Returns Register is the register or book in which transactions relating to goods returned to the businessman from its customers are recorded. It is also know as Sales inward book or Sales return day book. A credit note is sent by the businessman to the customer who has returned the goods. It is a statement which states that the account of the customer has been credited with the amount of goods returned to the businessman. The ruling of Sales returns register is absolutely same as Sales day book. The total of sales returns book is debited to sales return account and the account of customers are credited with the same amount.