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Sales Return Journal Entry

Wall Street Mojo

What Is Sales Return Journal Entry? Sales Return in terms of payroll journal entry can be defined as the one which shall be used to account for the customer returns in the books of account or to account for when there is a return of goods sold by the customer due to defective goods sold, or misfit in requirement of the customer, etc.

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Zalando sales and profit margin rise on stronger demand

Global Banking & Finance

By Linda Pasquini and Helen Reid (Reuters) -Zalando on Tuesday reported a higher profit margin for the third quarter thanks to strong consumer demand and cooler September weather, as it focused on upmarket brands to fend off competition in the mass market.

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Tesco raises profit outlook again after strong Christmas sales

Global Banking & Finance

Tesco raises profit outlook again after strong Christmas sales By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period, buoyed by demand for fresh food.

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Britain’s Co-op profit slides after petrol forecourt sale

Global Banking & Finance

Britain’s Co-op profit slides after petrol forecourt sale (Reuters) -Co-op, which runs Britain’s seventh-biggest supermarket chain, posted a steep drop in annual pretax profit on Thursday following the sale of its petrol forecourt business, and amid growing competition among retailers.

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Britain’s Next keeps profit guidance after first-quarter sales rise

Global Banking & Finance

Britain’s Next keeps profit guidance after first-quarter sales rise By James Davey LONDON (Reuters) -British clothing retailer Next on Wednesday kept its forecast for annual profit after reporting a 5.7% rise in first-quarter full price sales, slightly ahead of its guidance.

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Polish fashion retailer LPP confirms annual revenue goal of up to $5.5 billion

Global Banking & Finance

GDANSK (Reuters) – Poland’s largest apparel retailer LPP confirmed its full-year revenue target of 20-21 billion zlotys ($5.2-5.5 billion) on Wednesday after posting a flat second-quarter net profit, as rising costs of stores and distribution offset higher sales.

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Profit and Loss Statement

Wall Street Mojo

What Is Profit And Loss Statement? A profit and loss (P&L) statement, sometimes called as an income statement, is a financial report that provides investors and outsiders with a financial overview of a company. Table of contents What Is Profit And Loss Statement? Profit and Loss Statement Explained Sample How To Prepare?