Download free purchase return book format in Excel and Spreadsheet. This free excel template comes with tax information. Tax section is modifiable as per the requirement. This is an Accounting Excel Template by Excel Downloads.
You can put GST, VAT or any other tax as per your requirement. Furthermore, this template tries to capture all the essential information pertaining to Purchase Returns or return outwards in your business or client’s business.
Furthermore, you can also insert new rows and columns to customize this template as per your requirement.
If you are looking for simple purchase order template in Excel, you can also find it at Excel Downloads.
What is a Purchase Return Book ?
Purchase Return Book is a subsidiary book of accounts that records the goods returned to our suppliers that are against purchase order, poor quality, inaccurate quantity or untimely delivery.
Purchase Return Book is another name for Return Outward Book.
Discrepancies happen in every business and are a routine part of the business when it comes to return outwards or returns in Purchases or sales. Purchase Return Book captures each new entry or transaction pertaining to return outward in the respective account of supplier when the return of goods takes place.
Every entry in Purchase Return Book is made on the basis of debit notes that buyer issues to the suppliers. Thus, the with each entry in Purchase Return book, supplier’s account is debited in the books of account. Accounts Payable amount of the supplier decreases.
Are Return Outward and Purchase Return Book same ?
Yes. Return outward and purchase return book is same thing. Return outwards is the sending out of goods, being returned back by the buyer to the seller. The definition of return outward and purchase returns are same. Thus, these terms are same.
Download and use Purchase Return Book Format in Excel
To use this free Purchase return book Excel Template, you should have Microsoft Office/ Microsoft Excel installed in your system.
After installing Excel or Spreadsheet, download the zip file of this template, extract the template using WinRAR or 7Zip decompressing software.
Once extracted, you can open the file using Excel and start entering data or customizing the template. You can customize the currency, color scheme, fields in this excel template as per your requirement.
