RETURNS INWARDS Definition

Bookmark and Share

RETURNS INWARDS are goods sold on credit to a customer and returned for some reason to be refunded for (Sales returns).

Learn new Accounting Terms

SMALL BUSINESS a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. The legal definition of "small" varies by country and by industry. In the United States the Small Business Administration establishes small business size standards on an industry-by-industry basis, but generally specifies a small business as having fewer than 100 employees.

ACQUISITION is one company taking over controlling interest in another company. See also MERGER and POOLING OF INTEREST METHOD.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.