Sales Return is the process of returning the purchased goods by the customer because of various reasons, such as Damaged during transportation, Inferior Quality, Over Stocking, Less or No Sales Uptake, or Winding up of business by the customer (e.g.-in case of trader or dealer). In these situations, a customer returns the goods purchased. As per the business agreement between the organization and customer, a Credit Note is issued in the name of the customer to settle the accounts.
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