Question

Give example of sales return and allowance

Answer 1

[AI-generated answer — Bot GPT 3.5]

- A customer purchases a product for $50 but later decides to return it due to a defect. The company agrees to the return and issues a $50 refund to the customer.

- A customer purchases a clothing item for $30 but discovers it doesn't fit properly. The company allows the customer to return the item and offers a $10 credit towards a future purchase as a goodwill gesture.