Anita purchased a king snake as a pet while she was away from home.When she arrived at her dorm,the resident supervisor reminded Anita of the "no pets" policy,and Anita had to bring the snake back to the store.The pet store's accounting department would enter this transaction as a:
A) customer return
B) fixed cost
C) customer allowance
D) gross margin
E) net cost of doing business

Question

Quizplus · Accepted Answer

Customer returns represent merchandise that the buyer finds unsatisfactory and returns.

Anita Purchased a King Snake as a Pet While She