In a Perpetual Inventory System,merchandise Returned by the Customer for a Refund

question 106

Multiple Choice

In a perpetual inventory system,merchandise returned by the customer for a refund is called a:

• A) sales return.
• B) sales allowance.
• C) sales discount.
• D) sales adjustment.

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Definitions:

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The process of altering an existing product's features, design, or specifications to meet new requirements or improve its marketability.

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