A Return of Merchandise to the Supplier Was Made for

question 48

Multiple Choice

A return of merchandise to the supplier was made for $ 100 plus taxes. The GST related to the return would appear as a

• A) $ 5 debit to GST Recoverable.
• B) $ 5 credit to GST Recoverable.
• C) $ 5 credit to GST Payable.
• D) $ 5 debit to GST Payable.

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Definitions:

Value for Customer

The perceived benefit or satisfaction a customer receives from using a product or service, compared to the cost of acquiring it.

Related Tasks

A set of tasks that are linked or connected due to their similarities, objectives, or because they contribute towards a common goal.

Value Chain

A framework outlining all the necessary steps for developing a product or service, from its inception to its distribution.

Supply Chain

A supply chain encompasses all the steps involved in producing and delivering a product or service, from raw materials to the end customer.