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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Definitions:

Critical Issues

Significant challenges or problems that require immediate attention and action to prevent negative outcomes.

Top-Down Change

Organizational change initiated by top management that is passed down through the hierarchy of the organization.

Comprehensive Impact

The total effect or outcome of a particular action, decision, or policy across all relevant areas or aspects, including social, economic, and environmental factors.

Senior Managers

Top-level executives responsible for overseeing the strategic direction and operational decisions of a company or organization.