SALES ALLOWANCE Definition

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SALES ALLOWANCE is an offer of a lower price as an inducement to the buyer to accept delivery under special circumstances, e.g. when the merchandise delivered is not exactly what was ordered.

Learn new Accounting Terms

INBR see INCURRED BUT NOT REPORTED; could also mean Insurance Broker.

APIC is an acronym for Additional Paid-In-Capital (finance/business).

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