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aussie101
Oct 16, 2009, 04:16 PM
Where do I record sales/purchases returns and allowances on an inventory stock card- under purchases or cost of sale?

morgaine300
Oct 16, 2009, 09:47 PM
You're giving both sides: both the return of a purchase and the return of a sale. It also depends on which method you're using: perpetual or periodic. (I also don't know what is on an inventory stock card -- that's internal workings. If you can tell me what's on the thing, I could probably tell you.)