When a merchandiser records sales returns,Accounts Receivable is credited.(Assume the seller uses the perpetual inventory system. )

Question

Quizplus · Accepted Answer

When a merchandiser records sales returns, a credit is made to Accounts Receivable because the customer no longer owes the full amount. This is assuming that the seller uses the perpetual inventory system, which updates inventory in real-time.

When a Merchandiser Records Sales Returns,Accounts Receivable Is Credited