_____________________  Encompasses a Set of Rules and Conditions That Must Be

question 37

Multiple Choice

_____________________  encompasses a set of rules and conditions that must be met for the offender to remain in the community.

• A)Aftercare
• B)Parole
• C)Probation
• D)Diversion

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Definitions:

Perpetual Inventory System

An accounting system that records inventory purchases or sales immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Merchandise Return

Occurs when a customer returns a product to the seller for a refund, exchange, or credit, affecting the seller’s inventory and sales figures.

State Sales Tax

A tax imposed by state governments on the sale of goods and services, which varies by state and is collected by businesses at the point of sale.

Sales Tax Payable

A liability account in the general ledger that stores the amount of sales tax collected from customers, which is owed to the government.