Which of the Following Is a Form Showing the Description

question 103

Multiple Choice

Which of the following is a form showing the description, quantity, and other data pertaining to goods the customer is authorized to return?

• A)Sales return authorization
• B)Authorization for accounts receivable write-off
• C)Cash receipts journal
• D)Journal entry

---

Definitions:

Liability

A financial obligation or amount owed by an individual or entity, typically representing loans or accounts payable.

Asset

Resources owned or controlled by a business that are expected to produce future economic benefits.

Liability

A financial debt or obligation that an entity is required to pay to another entity in the future.

Creditor

An individual, organization, or other entity that lends money or extends credit to another party.