Accounting MascotAccounting Q&A

What are returns?
submitted by jemma

JoeBomba

A return could be the money gained on an investment. That's more of a financial term. In accounting, a sales return is when a distributor or customer returns defective merchandise for a refund.

An alternative to a sales return is a sales allowance. This is when the customer keeps the defective merchandise, but pays a lower price.

Tesy stella

Returns refers to the gains or losses of an investment expressed as a percentage of the total amount invested.

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