Examlex
The change in the relationship of partners in a partnership caused by any partner ceasing to be associated in the carrying on of the business is known as ________.
Defective Merchandise
Products that fail to meet quality standards, often leading to returns, exchanges, or adjustments.
Discount Period
The timeframe during which a discount is available or when a bill can be settled at less than its face value.
Sales Allowance
A reduction in the price of goods sold, usually given after the sale to account for defects or errors in shipment.
Refund Liability
An obligation to return funds to a customer, often recognized in situations where returns or cancellations are expected.
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