In a Periodic Inventory System a Return of Defective Merchandise

question 49

Multiple Choice

In a periodic inventory system a return of defective merchandise to a supplier is recorded by crediting

• A) Accounts Payable.
• B) Inventory.
• C) Purchases.
• D) Purchase Returns and Allowances.

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Definitions:

Signature File

A small block of text automatically appended to the end of email messages, often containing the sender's name and contact information.

Formal Tone

A style of communication that is professional, polite, and adheres to conventional language standards, often used in business, academic, or official contexts.

Urethra

A tube that conveys urine from the bladder to the outside of the body in both males and females, and also transports semen in males.

Bladder

A muscular sac in the pelvis that collects and stores urine from the kidneys before it is excreted through the urethra.