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When there's a sales return, what's the impact on gross profit?

posted Sep 5, 2008, 9:28 AM by Unknown user
It depends on the return price, and also depends on the average stock value of the item. When an item with average cost of RM60 was sold at RM80, a
GP of RM20 was recorded when the invoice/cashsale was issued. And if the same item was subsequently returned at RM50, an additional RM10 gross profit is recorded.