The Journal Entry to Record a Return of Merchandise Purchased

question 213

Multiple Choice

The journal entry to record a return of merchandise purchased on account under a perpetual inventory system would credit

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

---

Definitions:

Professional

Pertaining to or connected with a profession, exhibiting a courteous, conscientious, and generally businesslike manner in the workplace.

Applicants

Individuals who apply for a position, program, or opportunity.

Different Ways

Various methods or approaches to achieving an objective or completing a task.

Cover Letter

A letter sent with, and explaining the contents of, another document or a parcel of goods.