Credit allowed to a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the accounts receivable of the merchandising business. (p. 327)

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Question
Credit allowed to a customer for part of the sales price of
merchandise that is not returned, resulting in a decrease in the
accounts receivable of the merchandising business. (p. 327)
Answer

What is a sales allowance?

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A sales allowance is a credit given to a customer for a portion of the sales price of merchandise that is not returned. This results in a decrease...
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