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3 Tutorials that teach Merchandising: Purchases, Sales, Discounts, Returns and Allowance
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Merchandising: Purchases, Sales, Discounts, Returns and Allowance

Merchandising: Purchases, Sales, Discounts, Returns and Allowance

Author: Virginia Coco
Description:

In this lesson, the student will learn about accounts associated with merchandising operations.

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Tutorial

Notes on "Merchandising: Purchases, Sales, Discounts, Returns and Allowances"

Terms to Know

Allowance

A deduction given to a customer or business when merchandise purchased is flawed or inferior and the customer or business chooses to keep the merchandise.

Return

Credit, if credit sale, or cash refund, if cash sale, given to a customer or business when merchandise purchased is flawed or inferior and the customer or business chooses not to keep the merchandise.

Source: All images created by Virginia Coco