The entry to record the return of merchandise from a customer would include a

Name: The entry to record the return of merchandise from a customer would include a
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The return of merchandise from a customer indicates that the customer is returning the goods that were previously sold to them. This requires a reduction in revenue previously recognized, which is recorded through a credit to Sales Returns and Allowances. Therefore, the entry would include a debit to Sales Returns and Allowances.

The Entry to Record the Return of Merchandise from a Customer