Sale Return / Return Inward / Return to Seller

Goods return by customer is called Sale Return/ Return inward/ Return to Seller. Return of goods may be due to defective or over sale or any other reason.

For example: Goods (Computers) returned by customer of Rs. 10,000.

Credit Sale

Sale of goods on account/ Credit are called credit sale.

For example: Aslam sold Computers on the condition that he will receive the amount Rs. 50,000 after 2 months.

Cash Sale

Sale of goods for cash is called cash sales.

For example: Aslam sold computers to Amir for cash Rs. 50,000.

Sale / Turnover

Selling of goods/Merchandise to customer on cash / credit is called sale / turnover.

Cash Sale


Credit Sale


Sale Return / Return Inward / Return to Seller

Purchase Return / Return Outward / Return to Supplier

Goods return to the supplier is called purchase return/ return outward/ return to supplier. Return of goods

may be due to defective or over purchased or any other reason.

For example: Ahmed return goods (Computers) to supplier.

Credit Purchases

Purchases of goods on account/ Credit are called credit purchases.

For example: Ahmed purchases Computers on the condition that he pays the amount Rs. 100,000 after 2 months.

Cash Purchases

Purchases of goods for cash are called cash purchases.

For example: Aslam purchase computers by paying cash Rs. 100,000.