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Clear All FOB destination Group of accounts representing the details of a controlling account Sales Returns and Allowances Title or ownership changes hands when the

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Clear All FOB destination Group of accounts representing the details of a controlling account Sales Returns and Allowances Title or ownership changes hands when the buyer receives the goods. Controlling account Account in the general ledger that summarizes the balance of accounts in a subsidiary ledger Accounts receivable ledger Account used to record the reduction in sales due to either the physical return of goods or defective goods Subsidiary ledger Subsidiary ledger that presents the individual accounts of credit customers

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