A Customer Returned Merchandise Having Already Paid for It Within

question 104

Multiple Choice

A customer returned merchandise having already paid for it within the cash discount period. The return will be recorded with

• A) a credit to an asset account.
• B) a credit to a liability account.
• C) a credit to Capital.
• D) None of these are correct.

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Definitions:

Respected

Held in high esteem or regard by others due to one's qualities or achievements.

Dental Hygiene

The practice of keeping one’s mouth clean and free of disease and other problems by regular brushing and cleaning between the teeth.

True Obedience

The genuine compliance with commands or demands from an authority figure, often studied in the context of social psychology.

Compliance

The act of agreeing with or obeying a request, command, or set of standards.