state the term- purchases returns and, Accounting Basics

+44 141 628 6080
[email protected]

state the term- purchases returns and

State the term- Purchases Returns and Allowances

Purchases Returns and Allowances is the name of the account which provides better control of allowances and returns of merchandise.

These transactions are recorded in a "contra" account and they have a normal balance of credit.

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: state the term- purchases returns and

Reference No:- TGS0356663

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

Symbolic interactionism took off as a theoretical approach

Question: Symbolic interactionism took off as a theoretical approach to the study of deviance during the 1960s

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation

How does the pyramid change

Staying with Nigeria, rewind the year to 1950. Using the +5 year control, fast forward in 5 year increments until you reach 2020.

Compare critical feminist theory and power-control theory

Compose a paper that compares and contrasts critical feminist theory and power-control theory as forms of gendered criminology. Your paper should:

Discussion about idea of the tramp stamp

Jane is doing a study about tattoos. She is interested in studying the idea of the "tramp stamp" (a tattoo in the small of a woman's back).

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: state the term- purchases returns and

Reference No:- TGS0356663

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : explain in brief about the purchases account

Q : what is uses of purchases journal purchases

Q : accounts payable subsidiary ledgeraccounts are

Q : what is merchandise returns a return is when a

Q : state the term- purchases returns and

Q : determine about the debit memoranduma debit

Q : state about the cash payments journala special

Q : benefits of purchases discountspurchases

Q : schedule of accounts payable lists the