A sale on approval and a sale or return are two names for the same transaction.

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A sale on approval is when the buyer has the goods on a trial basis and the sale is only finalized if they approve or decide to keep the goods. A sale or return, however, is when the buyer has the right to return the goods even after the sale if they choose not to keep them, typically within a specified period. These are two distinct types of transactions with different terms and conditions.

A Sale on Approval and a Sale or Return Are