When a Merchandiser Records Sales Returns,Accounts Receivable Is Credited

question 119

True/False

When a merchandiser records sales returns,Accounts Receivable is credited.(Assume the seller uses the perpetual inventory system. )

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Definitions:

Business Necessity

A legitimate, documented reason for a business action that is essential for the operation or survival of the business.

Illegal Discrimination

Unfair or unequal treatment of an individual or group based on certain characteristics deemed by law, such as race, age, sex, religion, or disability.

Bona Fide Occupational Qualification

A legal term referring to employment qualifications that are reasonably necessary to the normal operation of a particular business or job.

Corporate Jet

A private aircraft owned or leased by a company for the transport of its executives, employees, or guests.