A company may reject goods received due to a number of reasons.The process related to this is referred to as:
A)Purchases
B)Purchase Returns
C)Accounts Payable
D)Receiving

Question

Quizplus · Accepted Answer

Purchase returns is the process related to rejecting goods received. Option A, purchases, refers to the process of acquiring goods or services. Option C, accounts payable, refers to the amount a company owes its creditors for goods and services purchased on credit. Option D, receiving, refers to the process of physically receiving and accepting goods into a company's inventory.

A Company May Reject Goods Received Due to a Number