Question
Sales returns and allowances is one of those areas where a lot of estimating is done to try and guess at what the true value
Sales returns and allowances is one of those areas where a lot of estimating is done to try and guess at what the true value should be.
How do we make sure that those estimates are accurate and not manipulated to make the financial statements look better than they actually are?
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Managerial Accounting
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
9th Edition
0538842822, 978-0538842822
