Examlex

Solved

Which of the Following Would Be Part of the Entry

question 24

Multiple Choice

Which of the following would be part of the entry to record a sales return?


Definitions:

Signature Stamp

A stamp made to mimic a person's signature, often used for authorizing documents in a more efficient manner.

Necessary Indorsement

An endorsement required to transfer the rights of a negotiable instrument to another party in the course of business transactions.

Dishonor

The refusal or inability of a party to honor a financial obligation or instrument, such as a check or bill of exchange, when presented for payment.

Notice Of Dishonor

A formal notification indicating that a payment instrument, such as a check or bill of exchange, has been presented for payment and refused.

Related Questions