If a Company Records Merchandise It Returns to Suppliers in the General

question 53

Multiple Choice

If a company records merchandise it returns to suppliers in the general journal then

• A) a posting must be made only to the accounts payable control account.
• B) a posting must be made only to the accounts payable subsidiary ledger account.
• C) a dual posting must be made.
• D) there will be a debit to Inventory.

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Definitions:

Classes

Categories or groups of objects or individuals sharing common attributes, qualities, or characteristics.

Distribution

In syllogistic logic, the term refers to the way in which a term in a categorical proposition is applied to all members of the category it denotes.

Serious Injuries

Injuries that are severe and potentially life-threatening, often requiring immediate medical attention.

Estate

A term often used in law to refer to an individual's property, assets, and liabilities left behind after death.