How To Deal With Sales Returns?

Because of the quality of products, sales return to business often happens, and the situation is different.

The sales return occurring on the non balance sheet date can be dealt with in two different situations: the income of the company is returned before it is confirmed.

At this point, a sales return is made, and only the cost of goods sold can be pferred back to the goods in stock.

The income will be refunded after confirmation.

Regardless of sales in this year or previous year, sales rebates in the month shall be issued with "red letter" special invoices for value-added tax and so on. In the accounting process, the red letter shall be credited to the "payable tax payable - value added tax (Sales)", and the main business income and related costs that are returned to the month shall be deducted. The amount of the returned items can be deducted directly from the sales volume of the month, or the cost of the returned products should be calculated separately, and the cost of the goods returned for the month, calculated according to the cost of returning the month), taxes, etc., and the cash discount or sales discount shall be adjusted simultaneously.

Case 1] A enterprises received 5 pieces of unqualified products sold last month (or previous year), and the amount of 2000 yuan was returned by bank deposits, provided that the cash discount terms stipulated in the contract are 2/10, 1/20 and N/30.

The buyer has already received a 2% cash discount.

According to the "red letter" value-added tax special invoices, warehousing receipts and other accounting treatment.

Loan: the main business income is 2000 Loans: the tax payable should be paid - the value added tax (output tax), the bank deposit 2140 yuan, the financial cost 200, and the inventory commodity, the 1750 loan: the main business cost - a product 1750.

Because it does not involve profit and loss, accounting treatment is the same as before.

The income will be refunded after confirmation.

The sale of goods sold in the past year after the end of the year to the time when the annual financial reports are approved shall be returned to the business after the date of the balance sheet. The method of retrospective adjustment shall be used for accounting treatment, and the accounting treatment of the enterprise income tax payable tax law and the tax impact Accounting Law shall be considered. At the same time, the number of the items in the accounting statements and the beginning of the balance sheet of the next year shall be adjusted.

Case 2: A company sold a batch of products to B company in October 7, 2004, the price is 200000 yuan, the value added tax is 34000 yuan, the selling cost is 165000 yuan, and the sales money has not yet been received in December 31, 2004.

A enterprises received the notice from B in December 27, 2004. When the B company checked the goods, it found that the goods had serious quality problems and needed to be returned.

A and B have consulted on the return items.

When the A enterprise prepared its balance sheet in December 31, 2004, it was shown that the accounts receivable and the provision for bad debts of 5% of the accounts receivable balance have been shown.

In February 1, 2005, A enterprises and B companies failed to negotiate on the return items. A enterprises in February 14, 2005 (2004 annual report has not yet been reported) received the returned invoices and their invoices for VAT invoices and deductions.

It is assumed that the A corporate income tax rate is 33%, accounting for the tax payable method and the tax impact accounting method respectively. The proportion of surplus earnings is 15%.

有关会计处理如下： 假定采用应付税款法核算 ①调整销售收入借：以前年度损益调整200000贷：应收账款———B公司234000 应交税金———应交增值税(销项税额) 34000（红字） ②调整计提的坏账准备借：坏账准备11700贷：以前年度损益调整11700 ③调整销售成本借：库存商品165000贷：以前年度损益调整165000 ④调整应交所得税＝（200000－165000－11700）×33％＝7689借：应交税金———应交所得税7689贷：以前年度损益调整7689 ⑤将“以前年度损益调整”科目余额转入“利润分配”科目借：利润分配———未分配利润15611（200000－165000－11700－7689）贷：以前年度损益调整15611 ⑥调整利润分配有关数字借：盈余公积2341.65(15611×15％)贷：利润分配———未分配利润2341.65 ⑦调整报告年度会计报表有关项目的数字 ⑧A企业2005年

The number of the beginning of the balance sheet should be adjusted according to the adjusted figure.

It is assumed that the accounting method of tax impact accounting is the same as before. 4. Because of the time difference in the provision of bad debts, the income tax rate of 3861 yuan (11700 x 33%) is included in the deferred tax borrower. Therefore, the adjusted income tax shall be (200000-165000) x 33% = 11550 yuan, and the income tax shall be 7689 yuan (11550-3861).

Borrowing: tax payable - 11550 of income tax payable: deferred tax 3861 3861 of previous year profit and loss adjustment.

The adjustment of accounting statements is basically the same as before. Only the amount of tax payable should be different, and the deferred tax borrower should be adjusted to the lender.