Which One of the Following Transactions Is Recorded with the Same

question 28

Multiple Choice

Which one of the following transactions is recorded with the same entry in a perpetual and a periodic inventory system?

• A) Cash received on account with a discount
• B) Payment of freight costs on a purchase
• C) Return of merchandise sold
• D) Sale of merchandise on credit

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Definitions:

Receptor

A specialized cell or group of nerve endings that responds to specific sensory stimuli like light, sound, or chemicals, initiating a physiological response.

Peripheral Nervous System

The part of the nervous system that consists of nerves and ganglia outside of the brain and spinal cord.

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Nerves

Bundles of fibers that transmit electrical impulses between the brain, spinal cord, and other parts of the body, facilitating communication within the nervous system.