Which of the Following Accounts Would NOT Be Affected If

question 9

Multiple Choice

Which of the following accounts would NOT be affected if a company failed to report returns of merchandise sold?

• A) Sales returns
• B) Sales allowances
• C) Cost of goods sold
• D) Inventory

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Definitions:

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Sustainability Reporting Standards

Guidelines and frameworks for companies to report environmental, social, and governance (ESG) impacts and performance to stakeholders.

International Organization

A body that operates across national borders, focusing on global and regional issues, including economic, social, or environmental matters.