Under a Perpetual Inventory System,merchandise Returned by a Customer to the Seller

question 173

Multiple Choice

Under a perpetual inventory system,merchandise returned by a customer to the seller is recorded as a ________ in the books of seller.

• A)sales return
• B)sales allowance
• C)sales discount
• D)purchase return

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Definitions:

Temperance

The practice of self-control, moderation, and restraint in behavior or expression.

Humanity

The collective human race or the qualities and conditions shared by human beings, including compassion, empathy, and the capacity for cultural creation.

Autotelic Activity

Autotelic activity refers to an action or pursuit undertaken for its own sake, because the experience itself is rewarding and inherently fulfilling.

Social Reinforcement

The process of encouraging or establishing a behavior using rewards or punishments from others in a social setting.