Accountıng I Deneme Sınavı Sorusu #1224541
When are "sales returns and allowances" recorded?
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When a company offers a cash discount to its customers. |
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When a company delivers goods on credit. |
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When a customer delivers back the goods. |
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When a customer pays on cash. |
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When a company reduces the catalogue price of the goods. |
Yanıt Açıklaması:
Return facility is often part of a company’s marketing program that enables it to maintain competitiveness. It is basically a contra sales account that records (1) any goods returned by the customers and (2) any allowance given to a customer because the company delivered defective or improper goods. As a result, this will reduce the company’s account receivable. The correct answer is C.
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