If a customer returns an item to the retailer,the retailer will record the return as:
A)sales returns and allowances.
B)shrinkage.
C)sales discounts.
D)purchase returns and allowances.

Question

Quizplus · Accepted Answer

Sales returns and allowances refer to the merchandise that is returned by customers. These returns are reflected in the sales returns and allowances account in the general ledger of the retailer.

If a Customer Returns an Item to the Retailer,the Retailer