When a Customer Returns Merchandise Previously Purchased on Credit the Entry

question 80

Short Answer

When a customer returns merchandise previously purchased on credit the entry for the seller to record the return requires a debit to the ________________ account and a credit to the ________________ account.

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Definitions:

Civil Service

The body of government employees who are employed on merit system principles, excluding military and political appointments.

Partisanship

Devotion or allegiance to a particular political party or cause, sometimes resulting in a polarized political environment.

Civil Service Commission

A government body charged with overseeing the hiring and management of federal government employees to ensure a merit-based, non-partisan civil service.

Pendleton Act

Legislation passed in 1883 that established the United States Civil Service Commission, which ended the spoils system and made merit the basis for hiring and promoting in the federal service.