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Return Of Goods
The process by which customers return purchased goods to the seller due to defects, dissatisfaction, or other reasons, affecting inventory and sales revenue.
Inventory
The complete quantity of products and materials in a company's possession intended for future sale or manufacturing.
Cost Of Goods Sold
An accounting term that represents the direct expenses related to the production of goods sold by a company.
Statement Of Income
A financial report that shows a company’s revenues, expenses, and profits over a specific period, commonly referred to as an income statement or profit and loss statement.
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