When a Customer Returns for Credit a Defective Product It

question 59

Multiple Choice

When a customer returns for credit a defective product it had purchased,the seller would record the transaction using which of the following accounts?

• A)Purchase Returns and Allowances
• B)Sales Returns and Allowances
• C)Sales
• D)Sales Discounts

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Definitions:

Gram-positive

Bacteria that retain the crystal violet stain used in the Gram staining method, indicating a thick peptidoglycan layer in their cell walls.

Gram-variable

Bacteria that do not consistently stain as either Gram-positive or Gram-negative due to variations in their cell wall structures.

Opaqueness

The quality of being impenetrable by light; not transparent or translucent.

Decant

To pour a liquid from one container into another, usually to separate a solid from a liquid or to allow sediment to stay behind.