A Company Using a Perpetual Inventory System That Returns Goods

question 211

Multiple Choice

A company using a perpetual inventory system that returns goods previously purchased on credit would

• A)debit Accounts Payable and credit Inventory.
• B)debit Sales and credit Accounts Payable.
• C)debit Cash and credit Accounts Payable.
• D)debit Accounts Payable and credit Purchases.

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Definitions:

Resistance

An unconscious refusal to participate fully in therapy.

Cognitive-Behavioral Therapy

A type of mental health therapy that addresses issues by changing unhealthy feelings, actions, and thinking patterns.

Dysfunctional Thinking

Distorted, irrational thoughts that can contribute to and exacerbate emotional disorders, leading to maladaptive behavior.

Rational Thinking

The process of logical or sound reasoning, often involving critical thinking and the evaluation of facts and information.