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:

Greatest Risk

The highest likelihood of experiencing a negative outcome or event.

HIV

A virus known as Human Immunodeficiency Virus targets the immune system and may result in Acquired Immunodeficiency Syndrome (AIDS) without proper treatment.

Infected

Having been invaded by and negatively affected by pathogenic microorganisms such as bacteria, viruses, or fungi.

Risk Factors

Attributes, characteristics or exposures that increase the likelihood of developing a disease or injury.