Jog Ltd Employs a Perpetual Inventory System $\quad$ $\quad$

question 21

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\(\quad \)\(\quad \) Cr Sales returns
• B) Dr Sales returns\(\quad \)\(\quad \)\(\quad \)\(\quad \) Cr Cash
• C) Dr Sales returns \(\quad \)\(\quad \)\(\quad \)\(\quad \)Cr Accounts receivable
• D) Dr Cash \(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)Cr Accounts receivable

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Definitions:

Fear

Fear is an emotional response to perceived threats or danger, which can trigger a variety of physical and psychological reactions.

Terror

An intense fear or anxiety that can be caused by perceived threats or actual events, often leading to significant psychological stress.

Cannon-Bard Theory

A theory of emotion that argues that physiological arousal and emotional experience occur simultaneously but independently.

Autonomic Arousal

The activation of the autonomic nervous system, leading to physiological changes such as increased heart rate or sweating, usually in response to stress or excitement.