This document outlines the requirements and processes for purchase returns and sales returns. For purchase returns, it lists required supporting documents, the vouching process which includes an internal check and entries in the books, and posting the debit note for the first and last month. For sales returns, it similarly lists required documents and vouching processes which involve entries in the books, a credit note, and casting and posting, as well as checking the condition of returned goods.

1. 1 audit 7 19 2012

2. GROUP 1
2 audit 7 19 2012

3. 3 audit 7 19 2012

4. Purchase Returns
Meaning
Documents Required :-
 Supporting
Documents  Signature on Vouchers
 Name of Clients  Signature And Stamp of
 Date the Clients
 Serial Number  Errors and Frauds
 Amounts  Reconciliation
 Quantity
 Distinction between Purchase
4 audit 7 19 2012
Returns and Sales

5. Purchase Returns :
Vouching Process :-
 Internal Check
 Proper debit note
 Recording of debit note in the Register
 Entries in the books
 Posting Debit note of first and last
month
5 audit 7 19 2012

6. Sales Returns :
Meaning:
Documents Required:-
Supporting
Documents Amounts
Name of Clients Quantity
Date Signature on
Serial Number Vouchers
Distinction between Purchase Returns
and Sales
6 audit 7 19 2012

7. Sales
Returns :
 Internal Check
Vouching Process :-
 Entries in the books
 Sales Returns of first and last
month
 Proper credit note
 Casting and Posting
 Condition of returned goods 7 19 2012
7 audit
Genuineness

8. Title
 Text
8 audit 7 19 2012