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Sales Returns
Transactions in which customers return goods previously purchased and receive a refund or credit.
Accounts Receivable
Customers' outstanding dues to a company for previously furnished goods or services.
Credit Terms
The conditions under which credit will be extended to a customer, including the repayment time frame and any interest or discounts.
Net Allowance
The remaining balance after adjustments are made for discounts, returns, or bad debts to the gross receivables or revenue.
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