Write the Meaning of the Abbreviation on the Line

question 6

Short Answer

Write the meaning of the abbreviation on the line.
-ORIF ___________________________

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Definitions:

Merchandiser

An individual or company involved in the wholesale purchase and retail sale of goods for profit.

Sales Revenue

The money made from offering goods or services for sale over a specified duration.

Sales Discounts

Sales discounts are reductions in price offered by sellers to encourage buyers to make a purchase, often recorded as a deduction from gross sales.

Contra Revenue Accounts

Accounts on a company's income statement that deduct from gross revenue to arrive at net revenue, reflecting returns, allowances, and discounts.