Return of the goods from the buyer: some nuances

Perhaps, one of the most unpleasant situations, withwhich the seller encounters during its activity, is the return of the goods from the buyer. For accounting, this operation means the automatic occurrence of an additional headache and the need to make changes to the cumulative registries. Particular attention should be paid to the data that relates to the sphere of tax accounting. However, life after return does not stop, but continues to boil and rejoice.

Return of goods from the buyer: options for the development of events

When an operation of transfer of goods fromseller to the buyer, this fact is displayed in the primary document, namely in the form of TORG-12. Accordingly, on its basis, data are entered in the tax accounting system. In the case of return of goods in the case comes an adjustment invoice. This is a rather important document, because on its basis there is a change in tax liabilities for the value-added tax. But there is one "but": exchange, return of the goods on the above scheme are possible only if it is transferred in the proper form. After all, the law establishes that in this case the seller displays such a movement of commodity-material value only as an implementation.

In the event that the goods can not be considered qualitative,the display scheme changes slightly. The customer returns the purchased product along with the invoice, the seller's bookkeeping reverses the entries in the documents previously posted and issues a correction invoice.

Return of goods from the buyer: what's with the product?

When the buyer brings the goods to the outlet,the latter must have all the seals, labels and other similar things. In any case, its appearance should not cause any objection. Otherwise, if the representative of the seller finds any defects, he will on lawful grounds refuse refund.

Necessarily in the hands of the buyer should be a cash or commodity document, which proves the fact of the transaction earlier.

However, do not forget that there isa certain category of commodity-material values, according to which the goods can not be returned from the buyer, since they can not be exchanged at the legislative level. Usually in stores when buying a person immediately warned that he will not be able to return this product.

Return of goods from the buyer: posting

If there was a fact of sale of the goods:

1. The income is displayed (fixed in the commodity waybill), Дт 62 - Кт 90-1.
2. Subtracts the cost (reference), Дт 90-2 - Кт 41.
3. The movement of the VAT is shown (reference), Дт 90-3 - Кт 68.
4. The receipt of money on the current account (bank statement) is displayed, Дт 51 - Кт 62.

If there was a return to the trade point of a part of the shipment that had been shipped earlier:

1. Goods receipt is returned back (buyer's documents), Дт 41 - Кт 60.
2. The amount of VAT (documents of the buyer) is corrected, Дт 19 - Кт 60.
3. Settlements are made (statement or act of netting), Дт 60 - Кт 51 (or 62).
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