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Can you explain the concept behind Sales Returns and Allowances and Accounts Receivable? 1) Which...

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Accounting

Can you explain the concept behind Sales Returns and Allowances and Accounts Receivable? 1) Which account is debited and which one is credited 2) Does debit increase or decrease, does credit increase or decrease ? 3) Explain which financial report is affected. Simple example would nice, thank you.

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