Matching
For each item identify the best description You may use each choice more than once or not at all.
Premises:
Sales returns
Accounts receivable
Cash discounts
Net realizable value
Aging schedule
Responses:
Occurs when a customer brings back merchandise for a refund
Uses multiple bad debt rates
Decreases accounts receivable
Deduction, other than returns, to compute net realizable value
Estimated cash value
Arises from normal credit sales transactions with customers
Correct Answer:
Premises:
Responses:
Occurs when a customer brings back merchandise for a refund
Uses multiple bad debt rates
Decreases accounts receivable
Deduction, other than returns, to compute net realizable value
Estimated cash value
Arises from normal credit sales transactions with customers
Premises:
Occurs when a customer brings back merchandise for a refund
Uses multiple bad debt rates
Decreases accounts receivable
Deduction, other than returns, to compute net realizable value
Estimated cash value
Arises from normal credit sales transactions with customers
Responses:
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