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Sales Returns And Allowances
Sales returns and allowances account for the reduction in sales revenues due to returned or defective products allowed by a company to its customers.
Sales Discounts
Reductions in the price of goods or services offered to customers, typically in exchange for early payment.
Expense Accounts
Accounts used to track the costs incurred in a business's operational activities, not directly tied to the production of goods or services.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding costs directly associated with the production of goods or services.
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