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Post Info TOPIC: Purchase returns and postage costs associated with the returns
Lois


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Purchase returns and postage costs associated with the returns
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Hi, I am new to this and doing the ICB Level 1 and need some help please.

The query I have is where do I post the expense of sending a purchase return to the supplier (in this case £8 postage) and subsequently the reimbursement of the £8 by the supplier in the form of a postal order which is then cashed?

My inclination would be to post these postage costs to the purchases returns account and the supplier account so that you can keep a track of how much purchase returns are costing a business but I expect I'm wrong!

Can anyone help?



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