To Record a Return of Merchandise Purchased for Cash on the Books

question 85

Multiple Choice

To record a return of merchandise purchased for cash on the books of the buyer, the accountant would:

• A)debit Purchases Returns and Allowances and credit Cash.
• B)debit Purchases and credit Purchases Returns and Allowances.
• C)debit Purchases Returns and Allowances and credit Purchases.
• D)debit Cash and credit Purchases Returns and Allowances.

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Definitions:

Central Selling Point

is the unique feature or benefit of a product or service that is emphasized to differentiate it from competitors and appeal to consumers.

Outstanding Feature

A distinctive or prominent attribute or aspect of something that sets it apart from similar items.

Central Selling Point

The main feature or advantage of a product or service that is emphasized in marketing efforts to attract and convince customers.

Position

The condition or status held by an individual or an entity in relation to others, often determined by job role, standing in society, or viewpoint.