RETURNS OUTWARDS Definition

Bookmark and Share

RETURNS OUTWARDS are goods bought on credit from a supplier and returned for some reason to be refunded for (Purchases returns).

Learn new Accounting Terms

VMI see VENDOR MANAGED INVENTORY.

TRADING SECURITIES is investment in securities with the intention of selling them in the short term for a profit. These are reported at market value. Unrealized gains or losses on these investments appear in the Net Income for the period.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.