Examlex
Progressives agreed with Populists that
Purchase Returns and Allowances
Concessions granted by sellers to buyers, involving the return of goods or issuance of allowances for unsatisfactory products or services.
Purchase Discounts
Reductions in the price of goods that a buyer is entitled to for early payment or volume purchases.
Freight-In
Costs associated with bringing inventory to a business location, typically included in the inventory cost.
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, commonly the U.S.
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