Examlex
Which of the following is considered a promise to your customers?
Estimated Future Returns
Projections or forecasts about the potential gains or incomes from investments over a future period.
Sales Discounts
A reduction in the price of goods or services offered to customers, usually to prompt early payment or reward bulk purchases.
Gross Price Method
Gross Price Method involves recording inventory at its gross price, before deducting any trade discounts or rebates.
Allowance for Doubtful Accounts
An accounting concept referring to an estimate of the amount of receivables that may not be collected, which is used to reduce the total accounts receivable reported on the balance sheet.
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