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Merchandise Returns
Goods returned by the buyer to the seller, often due to defects, wrong size, or dissatisfaction.
Purchase Discounts
A deduction from the original purchase price allowed by the seller to the buyer, typically for early payment or bulk purchasing.
Merchandise Inventory
Goods held by a retailer or wholesaler that are available for sale to customers.
Perpetual Inventory System
A method of accounting for inventory that records sales and purchases of inventory immediately through the use of computer systems.
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