Show sales returns and allowances, Accounting Basics

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Q. Show Sales returns and allowances?

Sales returns and allowances Merchandising companies typically permit customers to return goods that are defective or unsatisfactory for a variety of reasons such like wrong colour wrong size, wrong amounts, wrong style or inferior quality. Actually when their policy is satisfaction guaranteed some companies permit customers to return goods simply because they don't like the merchandise.

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ACCOUNTING FOR ASSETS, WHAT ARE THE CHARACTERISTICS OF ASSETS

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