If Merchandise from a Cash Sale Is Returned by a Customer

question 18

Multiple Choice

If merchandise from a cash sale is returned by a customer for a refund the sales return is recorded in the

• A) general journal.
• B) cash receipts journal.
• C) cash payments journal.
• D) sales journal.

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Definitions:

Online Reasoning Skills

The ability to critically evaluate information, identify credible sources, and make informed decisions in the digital environment.

Vertical Structure

An organizational structure where hierarchy and rank order define how communication, power, and responsibilities are distributed, typically in a top-down manner.

Horizontal Structure

An organizational structure with few or no levels of middle management between staff and executives, promoting greater team collaboration.

Classical Conditioning

A training method where two signals are consistently linked together; initially, the response is triggered by the second signal but over time, it is the first signal alone that provokes the reaction.