Explain the difference between purchase returns and sales returns. How do purchase returns affect the fi nancial

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Explain the difference between purchase returns and sales returns. How do purchase returns affect the fi nancial statements of both buyer and seller? How do sales returns affect the financial statements of both buyer and seller?

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Survey Of Accounting

ISBN: 9780077503956

3rd Edition

Authors: Bor Yi Tsay, Thomas Edmonds, Philip Olds, Frances Mcnair

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