Merchandise returned by the customer for a refund is called a

Name: Merchandise returned by the customer for a refund is called a
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sales returns are merchandise returned by the customer for a refund. Sales allowances are discounts given to customers for damaged or unsatisfactory merchandise. Credit memos and debit memos are both accounting documents used to adjust accounts, but do not specifically refer to merchandise returns.

Merchandise Returned by the Customer for a Refund Is Called