Question
When a customer returns merchandise, what account is credited if the sale was on credit versus cash? a. A/R for both situations b. A/P for
When a customer returns merchandise, what account is credited if the sale was on credit versus cash?
a. A/R for both situations
b. A/P for both situations
c. A/R for credit sales, and A/P for cash
d. A/P for credit sales, and A/R for cash
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Financial And Managerial Accounting For MBAs
Authors: Peter D. Easton
6th Edition
1618533592, 9781618533593
