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Describe the procedures for a sales return and explain how the procedures relate to the segregation of duties of authorization,custody of assets,and record keeping.
Legal Services
Professional services provided by lawyers or legal practitioners to advise and represent clients in legal matters.
Advertising Expense
The cost incurred by a business to promote its products, services, or brand, including media buys, promotional materials, and marketing campaigns.
Owner's Equity
The owner's rights to the assets of a business, minus the liabilities owed to outsiders.
Net Income
The profit amount a company achieves after all its expenses and taxes have been subtracted from its revenue stream.
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