Business, 10.03.2020 08:24 AnonymousLizard52303
The term refers to a practice whereby a salesperson initially accepts a customer's offer, but then claims an error and quotes the customer a higher price.
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Business, 22.06.2019 20:00
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
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The term refers to a practice whereby a salesperson initially accepts a customer's offer, but then...
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