A Purchase Return or Allowance Under a Periodic Inventory System

question 126

Multiple Choice

A purchase return or allowance under a periodic inventory system is credited to:

• A)Accounts Payable.
• B)Purchase Returns and Allowances.
• C)Inventory.
• D)Purchases.

---

Definitions:

Business Message

Information communicated in a professional setting, aimed at achieving a specific business objective.

Direct Approach

A straightforward method of communication or problem solving that involves addressing an issue or task head-on.

Receptive

Open and willing to consider or accept new suggestions or ideas.

Negatively

In a harmful, unfavorable, or pessimistic manner that detracts from the positive.