Sales Return

(redirected from Sales Returns)

Sales Return

A product given back to the seller for a refund, usually due to a defect or malfunction. Sales returns reduce a seller's revenue and may also reduce a salesperson's commission.
References in periodicals archive ?
Some shops will not accept sales returns but should warn you at the till.
Stallion statistics, pedigree data, sales returns, progeny research and much, much more.
Cases also have shown that sales returns reserves have been deliberately understated.
The court concluded, based on prior cases and the regulations, this exception primarily applied to sales returns and allowances.
This eliminates, for example, the use of the rule for sales returns and allowances.
Such factors include (a) changes in estimates related to revenue and sales returns and allowances; (b) changes in estimates related to cost of sales and related vendor credits; (c) the ability to generate, analyze, and provide appropriate accounting data to the Company's auditors in a timely manner in order to complete the quarterly review; and (e) other risks as detailed in the Company's Annual Report on Form 10-K for the year ended June 30, 2006.
Figures produced yesterday by the company that owns Currys and PC World, as well as shops operating under the Dixons name, showed Irish sales returns last year shot up to EUR87.
But do the sales returns bear close inspection, and with so much reliance on the millions invested by Godolphin and Coolmore, is the underlying market as healthy as it seems?
Subsequent to the Company's last public announcement concerning the restatement and estimated results of operations on November 8, 2005, the Company discovered and corrected additional accounting matters, including corrections in income tax contingencies, the sales returns reserve, and reporting of stock options and stock-based compensation granted to employees.
But this year's Irish sales returns have delighted the motor trade with new registrations up by 26 per cent by August.
The Company also maintains reserves for estimated sales returns, price adjustments, and incentive programs for certain dealers and distributors whereby rebates are offered based upon exceeding volume goals.
During the fiscal 2004 third quarter, Big 5 changed its accounting for sales returns by establishing an allowance for estimated sales returns.