Jog Ltd Employs a Perpetual Inventory System $\quad$ $\quad$ $\quad$ CR Sales Returns
B) DR Sales Returns

question 50

Multiple Choice

Jog Ltd employs a perpetual inventory system.When a customer returns merchandise to Jog Ltd that he purchased on credit,which of these entries would Jog Ltd make?

• A) DR Accounts receivable\(\quad\)\(\quad\)\(\quad\) CR Sales returns
• B) DR Sales returns\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\) CR Cash
• C) DR Sales returns\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\) CR Accounts receivable
• D) DR Cash\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)CR Accounts receivable

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