Which of the Following Is Recorded by a Credit to Accounts

question 100

Multiple Choice

Which of the following is recorded by a credit to Accounts Receivable?

• A)Sale of inventory on account.
• B)Estimating the annual allowance for uncollectible accounts.
• C)Estimating annual sales returns.
• D)Write-offs of bad debts.

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Definitions:

Marketing Action

Specific steps or initiatives undertaken by a company to promote its products or services to its target market.

Revenues

The income that a business receives from its normal business activities, typically from the sale of goods and services to customers.

Costs

The total expenditures or the amount of resources used in the production of goods or services, including materials, labor, and overhead expenses.

Mass Customization

A production technique that allows for the customization of products to meet individual customer needs at mass production prices.