This is a document that is used to record all stock that has been returned by a customer. The customer has the returned the stock item and been given a refund or credit note for the amount of the purchased product.
What is PURCHASE RETURNS AND ALLOWANCES?
Featuring Black’s Law Dictionary
Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.
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