A Debit to Sales Returns and Allowances and a Credit

question 52

Multiple Choice

A debit to Sales Returns and Allowances and a credit to Accounts Receivable:

• A)Reflects an increase in amount due from a customer.
• B)Recognizes that a customer returned merchandise and/or received an allowance.
• C)Requires a debit memorandum to recognize the customer's return.
• D)Is recorded when a customer takes a discount.
• E)Reflects an increase in net sales.

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Definitions:

Psychoanalysis

A set of psychological and psychotherapeutic theories and methods, originating in the work and theories of Sigmund Freud, aimed at exploring the unconscious motives that influence behavior.

Behaviorism

A psychological approach that emphasizes the study of observable behavior and the role of environmental forces in shaping it, often excluding subjective mental states from the study.

Physiological Psychology

A branch of psychology that studies the relationship between physiological processes and behaviors.

Psychoanalysis

A therapeutic approach that explores the unconscious mind, aiming to uncover and resolve conflicts and psychological issues.