When Sales of Merchandise Are Made for Cash, the Transaction

question 172

Multiple Choice

When sales of merchandise are made for cash, the transaction may be recorded by the following entry:

• A)Debit Sales Revenue, credit Cash
• B)Debit Cash, credit Sales Revenue
• C)Debit Sales Revenue, credit Cash Discounts
• D)Debit Sales Revenue, credit Sales Returns and Allowances

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Definitions:

Human Adaptation

Refers to the ways in which humans have evolved physically and culturally to survive and thrive in a variety of environmental conditions.

Reproduce Culture

The process by which cultural beliefs, practices, norms, and values are passed from one generation to the next, ensuring cultural continuity over time.

Altiplano

A high plateau region located in the central Andes, notably across Bolivia and Peru, known for its high elevation and cold climate.

Andes

A vast mountain range stretching along the western edge of South America, the longest continental mountain range in the world.