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Refund Liability
An obligation of the seller to return the funds to a buyer due to returns, cancellations, or dissatisfaction with goods or services sold.
Return Of Goods
The process by which customers return purchased goods to the seller due to defects, dissatisfaction, or other reasons, affecting inventory and sales revenue.
Inventory
The complete quantity of products and materials in a company's possession intended for future sale or manufacturing.
Cost Of Goods Sold
An accounting term that represents the direct expenses related to the production of goods sold by a company.
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