Under the Perpetual Inventory System,in Addition to Making the Entry

question 68

Multiple Choice

Under the perpetual inventory system,in addition to making the entry to record a sales return by a customer,a company would

• A)increase Merchandise Inventory and decrease Cost of Goods Sold.
• B)increase Cost of Goods Sold and decrease Purchases.
• C)increase Cost of Goods Sold and decrease Merchandise Inventory.
• D)make no additional entry until the end of the period.

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Definitions:

Professional Salespeople

Individuals who specialize in selling products or services, often using expert knowledge and skills to meet their customers' needs and achieve sales targets.

Rehearse

To practice or prepare beforehand, especially in the context of planning presentations or refining sales pitches.

Autosuggestion

A psychological technique involving self-influenced thoughts to change behavior or outcomes.

Sales Presentation

A detailed pitch or exposition by a salesperson aimed at showcasing the features and benefits of a product or service to persuade a customer to buy.