When a Seller Records a Return of Goods, the Account

question 15

Multiple Choice

When a seller records a return of goods, the account that is credited is

• A)Sales Revenue.
• B)Sales Returns and Allowances.
• C)Inventory.
• D)Accounts Receivable.

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Definitions:

Productivity

The efficiency with which an individual, organization, or economy converts inputs into useful outputs.

Stress-Related Illnesses

Health issues directly influenced or exacerbated by stress, including mental and physical conditions.

Occupational Safety and Health Act

A law passed to ensure worker and workplace safety by setting and enforcing standards; oversees occupational health and safety in the United States.

OSHA

The Occupational Safety and Health Administration, a federal agency responsible for ensuring safe and healthful working conditions by setting and enforcing standards.