Account

Debit ($)

Credit ($)

[Today’s Date]

Cash

2,000

Sales Revenue

1,834.86

Trade Payable

165.14

Account

Debit ($)

Credit ($)

[Date]

Sales Returns

50

Cash

50

A reduction in the listed price of goods, given before the sale is completed.

Purpose

To encourage bulk buying or to reward loyal customers (especially in business-to-business sales).

A reduction in the invoice amount given to encourage early payment.

Purpose

To motivate buyers to pay quickly and improve the seller’s cash flow.