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Select the One Term That Best Fits Each Definition

Question 2

Multiple Choice

Select the one term that best fits each definition
-A form prepared by the vendor showing the amount deducted for returns and allowances.


A) board of directors
B) credit memorandum
C) debit memorandum
D) declaring a dividend
E) dividends
F) general journal
G) purchases allowance
H) purchases return
I) retained earnings
J) sales allowance
K) sales return

Correct Answer:

verifed

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