The Entry to Record the Granting of Credit to a Customer

question 97

Multiple Choice

The entry to record the granting of credit to a customer for a sales return is posted to

• A) the accounts receivable subsidiary ledger only.
• B) the general ledger only.
• C) both the accounts receivable subsidiary ledger and the general ledger.
• D) both the accounts payable subsidiary ledger and the general ledger.

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Definitions:

Confederates

Individuals who are part of a study's design but pretend to be participants, aiding in creating specific conditions for the actual participants' reactions.

Bystanders

People who are at a scene or occurrence yet do not participate.

Crisis Situation

A significant and often sudden event or condition that requires immediate attention and action to protect life, property, or the environment.

Pressure

The psychological experience produced by urgent demands or expectations for a person’s behavior that come from an outside source.