When Merchandise That Was Sold on Account Is Returned,which Accounts

question 102

Multiple Choice

When merchandise that was sold on account is returned,which accounts are affected?

• A)Cash,accounts receivable,cost of goods sold,and sales returns
• B)Sales returns,accounts receivable,merchandise inventory,and cost of goods sold
• C)Sales returns,accounts receivable,purchases,and cost of goods sold
• D)Sales returns,accounts receivable,purchases,and merchandise inventory

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Definitions:

Planned Change

Refers to intentional efforts to improve a system, process, or organization through deliberate actions and strategies.

Participation And Involvement

The act of taking part or engaging in something, often referring to the degree to which individuals contribute to and influence group or organizational activities.

Employee Resistance

Opposition or pushback from employees against changes or policies implemented by management, often due to fear of the unknown or loss of control.

Overcome

To successfully deal with or gain control over something challenging, such as an obstacle or difficulty.