Question: Why would a retailer keep a separate account for Sales Returns and Allowances? Why would accrual-based accounting require the end-of-period adjustment for Sales Returns and

Why would a retailer keep a separate account for Sales Returns and Allowances?

Why would accrual-based accounting require the end-of-period adjustment for Sales Returns and Allowances?

What is the different effect on Inventory account between Sales Return and Sales Allowances?

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