what is merchandise returns a return is when a
What is Merchandise returns
A Return is when a customer returns to the seller part or all items purchased. An Allowance occurs when seller grants a customer a price reduction on items because of some damage or defective goods.
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what is uses of purchases journal purchases journal special journal used to record only credit purchases of merchandise-may be only one column which
accounts payable subsidiary ledgeraccounts are designed to show balance owed to every creditor liability accounts generally have credit balances
what is merchandise returns a return is when a customer returns to the seller part or all items purchased an allowance occurs when seller grants a
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determine about the debit memoranduma debit memorandum is the buyers written request to seller for credit individual account is debited to reduce the
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