Merchandise returned by the customer for a cash refund is called a:

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Sales return refers to the merchandise returned by the customer for a cash refund. Sales allowance refers to a reduction in the selling price of merchandise as an incentive for the customer to keep the goods despite minor defects or deficiencies. Debit and credit memorandums are documentation of transactions between a buyer and a seller, but they do not specifically refer to returns for cash refunds.

Merchandise Returned by the Customer for a Cash Refund Is