RETURNS OUTWARDS Definition

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RETURNS OUTWARDS are goods bought on credit from a supplier and returned for some reason to be refunded for (Purchases returns).

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BACKLOG is value of unfilled orders placed with a manufacturing company. Whether a firms backlog is rising or falling is a clue to its future sales and earnings.

MANAGEMENT BUY-OUT is the purchase of a company by its management; usually with the backing of outside investors.

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