sales returns: refer to merchandise that customers return to the seller after the sale. refer to reductions…

sales returns: refer to merchandise that customers return to the seller after the sale. refer to reductions in the selling price of merchandise sold to customers. represent cash discounts. represent trade discounts. are not recorded under the perpetual inventory system until the end of each accounting period. question 9 (mandatory) (2 points) sales returns and allowances.

sales returns: refer to merchandise that customers return to the seller after the sale. refer to reductions in the selling price of merchandise sold to customers. represent cash discounts. represent trade discounts. are not recorded under the perpetual inventory system until the end of each accounting period. question 9 (mandatory) (2 points) sales returns and allowances.

Answer

Brief Explanations:

Sales returns are goods that customers send back to the seller after a sale has been made. Reductions in selling - price are allowances, not returns. Cash and trade discounts are different from returns. In a perpetual inventory system, sales returns are recorded immediately.

Answer:

Refer to merchandise that customers return to the seller after the sale.