The customary method of accounting for sales returns results in adequate reporting for the returned sales when
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The customary method of accounting for sales returns results in adequate reporting for the returned sales when the goods are returned in the same period in which they are sold. If the goods are returned in a period subsequent to that of the sale, distortion of the reported revenue figures results. Explain how sales returns may produce each of the described effects.
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Related Book For 
Financial Accounting An Introduction To Concepts Methods And Uses
ISBN: 9780030452963
2nd Edition
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
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