What is the distinction between Sales Returns and Sales Allowances?

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Nov 02, 2015 05:38 AM

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What is the distinction between Sales Returns and Sales Allowances?

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When goods are damaged or otherwise unsatisfactory a merchandiser may accept the goods ret...View the full answer

Fundamentals of Financial Accounting

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