The Entry to Record the Return of Goods from a Customer

question 75

Multiple Choice

The entry to record the return of goods from a customer would include a

• A)debit to Sales Revenue.
• B)credit to Sales Revenue.
• C)debit to Sales Returns and Allowances.
• D)credit to Sales Returns and Allowances.

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Definitions:

Sale of Goods Act

Legislation governing the sale and purchase of goods, setting out legal rights and obligations of buyers and sellers.

Referral Selling

A sales strategy where existing customers are encouraged to refer new clients or customers to a business, often incentivized with rewards.

Door-to-Door Sales

The direct selling of goods or services to consumers at their homes or places of residence.

Abuses

The improper use or treatment of someone or something, often to unfairly or improperly gain benefit.