When You Combine a Sales Return and New Sale in a Single

question 34

Multiple Choice

When you combine a sales return and new sale in a single journal entry -

• A) the sales return is recorded by entering a negative sign for the quantity
• B) the sale is recorded by entering a positive quantity
• C) the total field for the invoice will net out the sale and return
• D) all of the above

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Definitions:

Tax Purposes

Considerations relevant to the calculation of taxes owed, including income categorization and deduction eligibility.

Estimate Slope

The technique for determining the approximate steepness or gradient of a line on a graph.

Graph

A diagram representing numerical values or relationships between numbers, often using lines, bars, or points on axes.

General Form

A way of writing equations that allows them to be represented in a standardized manner, often used with lines, circles, and other geometrical figures.