Examlex
What do sociologists call a group such as a drug-dealing gang that follows some social norms but many of its own were considered strange by most people?
Allowances
A deduction from the gross amount on an invoice by the buyer for goods purchased or to cover some type of shortcoming.
Purchase Discounts
Reductions in the price of goods or services allowed by the seller for early payment by the buyer.
Contra Expense Accounts
Accounts that are used to offset or reduce expense accounts on the income statement, resulting in the net amount of expense being reported.
Normal Credit Balances
Accounts on a company's balance sheet that are expected to have credit balances, such as liabilities, equity, and revenue.
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