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What are the differences between intermediate sanctions and probation?
Sales Discounts
A reduction in the price of goods or services offered by a seller to a buyer, usually to encourage prompt payment.
Accounts Receivable
The amount of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Contra-revenue Account
is an account that is deducted from gross revenues to arrive at net revenue, examples include sales returns, allowances, and discounts.
Sales Returns
Transactions where customers return previously purchased merchandise, leading to a debit to the sales returns account and a credit to accounts receivable or cash.
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