Examlex
Match the following:
-Mental lock
Sales Returns
Transactions where customers return previously purchased merchandise, leading to a reversal of revenue previously recognized.
Purchase Discount
A reduction in the purchase price, offered by the seller to the buyer, as an incentive for early payment.
Terms 2/10 n/30
Payment terms indicating a 2% discount if paid within 10 days, otherwise the full amount is due within 30 days.
Physical Inventory Count
An assessment method where a business physically counts its entire inventory to verify stock records and accounts.
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