The Entry to Record Returned Merchandise to Vine Company Is

question 7

Multiple Choice

The entry to record returned merchandise to Vine Company is:

• A)debit Purchases Returns and Allowances;credit Accounts Receivable in the general ledger.
• B)debit Accounts Payable;credit Purchases.
• C)debit Accounts Payable/Vans Company in the accounts payable subsidiary ledger and debit Accounts Payable in the general ledger;credit Purchases Returns and Allowances.
• D)debit Purchases;credit Accounts Payable.

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Definitions:

Organisational Processes

Organisational processes are the series of actions or steps taken by an organization to achieve its objectives, involving tasks such as planning, decision-making, and execution.

Innate Pecking Behavior

A natural and instinctual action performed by birds to peck at objects, often for food or as part of exploratory behavior.

Herring Gull Chicks

The young of herring gulls, a species of large seabirds known for their adaptability and varied diet.

Tinbergen

Refers to Nikolaas Tinbergen, a biologist known for his foundational work in animal behavior and ethology.