A Debit to Sales Returns and Allowances and a Credit

question 99

Multiple Choice

A debit to Sales Returns and Allowances and a credit to Accounts Receivable

• A)Recognizes that a customer returned merchandise.
• B)Is not possible; it should be a credit to Sales Returns and Allowances and a debit to Accounts Receivable.
• C)Recognizes a cash discount taken by a customer.
• D)Requires a debit memorandum to recognize the customer's return.
• E)All of these answers are correct.

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Definitions:

Deliberate Action

An intentional, conscious behavior directed towards achieving a specific goal.

Neurons

Specialized cells transmitting nerve impulses; the basic building blocks of the nervous system.

Somatic Nervous System

Division of the PNS consisting of nerves that carry information from the senses to the CNS and from the CNS to the voluntary muscles of the body.

Primary Visual Cortex

The region of the brain located in the occipital lobe that is responsible for processing visual information.