Merchandise returned by a customer for a refund is called a sales discount.
Correct Answer:
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Q11: After the posting of the accounts receivable
Q12: Selling goods on account is not common
Q13: Merchandise returned by the customer for a
Q14: If the amount of sales returns and
Q15: A sales ticket is a document created
Q17: The sales account is credited for the
Q18: The amounts for sales returns and allowances,
Q19: When a business uses a subsidiary accounts
Q20: A common approach to keeping a record
Q21: Sales made on account normally lead to
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