Examlex
-In the figure above, item 2 is the ____.
Merchandise
Goods or products that are bought and sold by businesses in the course of their trade or business operations.
Sales Returns and Allowances
Transactions in which customers return damaged or unsatisfactory products for refunds or credit, and adjustments made to sales revenue for these returns or granted concessions.
Accounts Receivable
Outstanding payments from customers to a firm for delivered or utilized goods or services awaiting settlement.
Merchandise Return
The process whereby customers return previously purchased merchandise to the seller for a refund, store credit, or exchange.
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