Examlex
Where the factor pays the firm for its receivables before the account due date.
Gross Sales
The total amount of sales recorded before any deductions for returns, allowances, or discounts.
Sales Discounts
A reduction in the price of a product or service that is offered by the seller, often to prompt early payment or bulk purchases.
Sales Returns
Transactions involving the return of sold goods by customers, resulting in a reduction of revenue.
Charge Customer
The process of billing a customer for goods or services provided.
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