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When a buyer returns merchasndise purchased for cash the the buyer may record the transaction using the following entry?
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When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
What is a sales returns journal?
Sales returns journal records all sales return transactions only and no other transaction of business is recorded.
When merchandise is returned under the perpetual inventory system the buyer would credit a. Accounts Payable b. Merchandise Inventory c. Purchases Returns and Allowances...?
The Buyer would likely perform the following transaction: DR- Account Receivable CR - Merchandise Inventory The Buyer would probably debit CASH if they receive CASH from the Seller instead of having to WAIT on it. The Merchandise Seller would perform the following transaction: DR - Merchandise Inventory CR - Accounts Payable, OR CASH
How do you pass journal entry for returning purchased goods?
debit accounts payable/ cashcredit purchase returns
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
What is a sales returns journal?
Sales returns journal records all sales return transactions only and no other transaction of business is recorded.
What is a purchase returns day book?
purchase return book it for the returns outwars.
If a company returns defective supplies that were purchased for by cash and receives cash refund is this transaction recorded in Cash Receipts Journal?
Yes, the transaction of returning defective supplies and receiving a cash refund would typically be recorded in the Cash Receipts Journal. The entry would involve debiting the accounts payable or purchases returns account for the amount of the defective supplies and crediting the cash account for the amount of the refund received.
Which one of the following had the lowest standard deviation of returns for the period of 1926 - 2008?
-82
When a customer returns merchandise purchased on credit the retailer debits?
1. Debits Sales Returns, credits Cash 2. Debits Inventory, credits COGS
When merchandise is returned under the perpetual inventory system the buyer would credit a. Accounts Payable b. Merchandise Inventory c. Purchases Returns and Allowances...?
The Buyer would likely perform the following transaction: DR- Account Receivable CR - Merchandise Inventory The Buyer would probably debit CASH if they receive CASH from the Seller instead of having to WAIT on it. The Merchandise Seller would perform the following transaction: DR - Merchandise Inventory CR - Accounts Payable, OR CASH
What return policy does Cobra have for CB radios?
It depends on where you purchased your Cobra Cb radio. If you purchased it from Radio Shack then they allow returns with the original receipt in hand.
How do you pass journal entry for returning purchased goods?
debit accounts payable/ cashcredit purchase returns
Where do you buy Pokemon Frigo Returns?
It is not known where Pokémon Frigo Returns can be purchased. It has been reported that this is not an official Nintendo game and nothing more than a counterfeit game.
What is purchase returns?
When some purchased supplies are returned back to suppliers due to some problem in supplies or due to any defect these returns are charged to purchase returns account and reduction in actual purchases.
