How a company can use the accounting data

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Reference no: EM133492929

Question: Companies keep separate accounts for Purchase Returns, Purchase Allowances, and PurchaseDiscounts.
Requirements:
(A) BRIEFLY
a.Provide an example of Purchase Returnsb.

b.Provide an example of Purchase Allowances
c.Provide an example of Purchase Discounts

(B) BRIEFLY explain how a company can use the above accounting data to improve their financial performance

Reference no: EM133492929

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