Hugh Snow Returned Merchandise to Farley Co

question 10

Multiple Choice

Hugh Snow returned merchandise to Farley Co.The entry on Hugh Snow's books to record the return of merchandise to Farley Co.would include a:

• A) Debit Accounts Payable
• B) Credit to Purchase Returns and Allowances
• C) Debit to Account Receivable
• D) Debit Sales Returns and Allowances

---

Definitions:

Principal

The main party to a transaction, contract, or financial instrument who has the primary interest and rights.

Negligent And Intentional Acts

Legal terms referring to actions causing harm or damage, with negligence lacking intent and intentional acts being deliberate.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful actions of an employee or agent, if such actions occur within the scope of employment or agency.

Liability

A legal responsibility or obligation, typically referring to the duty to compensate for harm or loss caused to another party.