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English to Italian translations [PRO]
Bus/Financial - Accounting | | English term or phrase: general sales returns reserves | | On a quarterly basis, the general sales returns reserves are re-calculated for each entity. In periods where re-calculation of this reserve occurs (January, April, July, October), the expired accrual is reversed, and the new accrual is re-calculated and posted for the forthcoming quarter. Again, this accrual will be reversed in the period following the end of the forthcoming quarter. (see Returns & Deductions narrative for further discussion on general sales returns reserves) |
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