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    aussie101's Avatar
    aussie101 Posts: 4, Reputation: 1
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    #1

    Oct 16, 2009, 04:16 PM
    Recording purchases/sales returns and allowances
    Where do I record sales/purchases returns and allowances on an inventory stock card- under purchases or cost of sale?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    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.)
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