In a Periodic Inventory System, When a Company Returns Merchandise

question 83

Multiple Choice

In a periodic inventory system, when a company returns merchandise previously purchased on account, the entry to record the return would include a:

• A)debit to Inventory.
• B)credit to Purchase Returns and Allowances.
• C)debit to Sales Returns and Allowances.
• D)credit to Accounts Payable.

---

Definitions:

Johari Window

A psychological framework used to improve understanding between individuals, outlining four areas: known to self and others, known only to self, known only to others, and unknown to both.

Personal Growth

The process of improving one's awareness, knowledge, skills, and overall well-being.

Self-Disclosure

The act of revealing personal information about oneself to others.

Johari Window

A model used to understand and improve self-awareness, interpersonal relationships, and communication by categorizing information about a person into four quadrants.