When the Seller Accepts a Return of Goods from the Purchaser

question 82

Multiple Choice

When the seller accepts a return of goods from the purchaser originally sold on account, the seller's journal entry would include a debit to:

• A)Sales Discounts and credit to Cash.
• B)Sales Returns and Allowances and credit to Accounts Receivable.
• C)Sales Returns and Allowances and credit to Sales Discounts.
• D)Sales Revenue and credit to Cash.

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Definitions:

O,p-director

Groups in aromatic chemistry that direct electrophilic substitution reactions to the ortho and para positions.

Mechanism

A detailed description of the step-by-step process by which chemical reactions occur, including the breaking and forming of bonds.

Aromatic Ring

A stable ring-shaped molecule made up of alternating single and double bonds, common in many organic compounds.

O,p-director

Substituents that direct incoming substituents to the ortho and para positions in an aromatic ring during electrophilic substitution reactions.