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How accounting for sales returns help financial statement

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Reference no: EM132667842

Problem 1: What are the accounting entries to 1) record estimated sales returns and 2) record actual returns when they occur.

Problem 2: How does the accounting for sales returns help financial statement users to assess retailers'performance in a timely manner.

Problem 3: do you think this accounting also helps retailing industry managers to better manage the business.

Reference no: EM132667842

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