A Wholesale Customer Returned Merchandise Having Already Paid for It

question 98

Multiple Choice

A wholesale customer returned merchandise having already paid for it within the cash discount period. The return will be recorded with:

• A) a credit to an asset account.
• B) a credit to a liability account.
• C) a credit to Capital.
• D) None of these is correct.

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Definitions:

Sleep Apnea

A disorder in which breathing briefly stops during sleep, causing the person to choke and gasp and momentarily awaken.

Stops Breathing

A cessation of the respiratory process, which can be temporary or permanent, and is a critical medical emergency.

Night's Sleep

The period of restful sleep experienced during the night, essential for physical and mental health.

Psychoanalytic Theory

A theory of personality organization and the dynamics of personality development that guides psychoanalysis, developed by Sigmund Freud.