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Cash Discount
is a reduction in the invoice price offered by sellers to buyers as an incentive to encourage prompt payment of their accounts payable.
Customer Refunds Payable
Liabilities owed to customers for products returned or services not satisfactorily rendered.
Merchandise Inventory
The total value of a retailer's goods that are available for sale to customers, including items purchased from suppliers and items ready for sale.
Sales Discount
A reduction in the price of goods or services offered to customers, usually to prompt early payment or bulk purchases.
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