If a customer returns merchandise or is given an allowance for damaged merchandise, which of the following accounts is debited?
a. Sales;
b. Accounts Receivable; c. Cash; d. Sales Returns and Allowances;
e. Accounts Payable.
D
You might also like to view...
The main purpose of ________ is to gain insights on issues of interest to the researcher by listening to a group of people from the appropriate target market
A) a depth interview B) a quantitative survey C) an experiment D) a moderator group E) a focus group
The person who creates a trust is called a(n)______ while the person who makes a will is called an testator/testatrix
Fill in the blanks with correct word
A buyer failed to take advantage of the vendor's credit terms of 2/15, n/45, but instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the equivalent annual interest lost on the amount of the purchase is:
A. 16.2% B. 18.9% C. 24.3% D. 12.2% E. 24.5%
BrunoCaf is an American coffee manufacturing company headquartered in New York. Recently, there was a market discrepancy and because of that its stock prices fell below their original values.However, given the slow but steady progress of the company, Marcos is confident that the market price of the stocks will rise with time, and he decides to invest in its stocks. In this scenario, Marcos uses the strategy of _____ in his investing decision.
A. investing for income B. value investing C. investing for growth D. buying and holding