Examlex
If communication of an offer occurs after the act of acceptance:
Net Method
An accounting method where purchases are recorded at their net amount after deducting any purchase discounts.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and late penalties.
Inventory Returns Estimated
An estimate of the value or volume of goods that are expected to be returned by customers over a specific period.
Sales Refund Payable
Obligations to return funds received from customers due to returns or refunds of products or services.
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