Examlex
Most craters on Mercury appear to have been produced by:
Sales Returns and Allowances
A reduction in the amount of sales that accounts for the return of goods by customers and allowances for unsatisfied goods or services.
Purchases Discount
An accounting reduction in the price paid for goods or services if payment is made within a specified period.
Unearned Revenue
A liability account that records amount owed for goods or services in advance of delivery. The Cash account would record the receipt of cash.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.
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