When Using the Five-Step Model, the Entry to Record the Return

question 114

Multiple Choice

When using the five-step model, the entry to record the return of goods from a customer would include a

• A)debit to Sales.
• B)credit to Sales.
• C)debit to Refund Liability.
• D)credit to Refund Liability..

---

Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics or being influenced by peer pressure.

Solomon Asch

Solomon Asch was a pioneering psychologist known for his research on conformity, demonstrating how individuals often conform to social pressures or the majority opinion.

Confederates

Individuals who are secretly working with the researcher and are aware of the experiment's aims, but are presented as participants to the other subjects.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics, or being similar to others.