Match the following definitions and terms by placing the number that identifies the best definition in the blank space next to the term.
Definitions:
Sales Return
Goods returned by the customer to the seller after the sale, leading to a reversal of revenue recorded.
Collection
Collection involves the process of gathering or receiving payments, funds, or necessary documents, especially in the context of business receivables or debts.
Perpetual Inventory System
Inventory accounting method where transactions are instantly recorded via computerized point-of-sale systems and enterprise asset management software.
Merchandise
Goods bought and sold by businesses in the course of their trade; often refers specifically to products sold by retail businesses.
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