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Jog Ltd Employs a Perpetual Inventory System \quad \quad \quad CR Sales Returns
B) DR Sales Returns

Question 50

Multiple Choice

Jog Ltd employs a perpetual inventory system.When a customer returns merchandise to Jog Ltd that he purchased on credit,which of these entries would Jog Ltd make?


A) DR Accounts receivable \quad\quad\quad CR Sales returns
B) DR Sales returns \quad\quad\quad\quad\quad\quad CR Cash
C) DR Sales returns \quad\quad\quad\quad\quad\quad CR Accounts receivable
D) DR Cash \quad\quad\quad\quad\quad\quad\quad\quad\quad CR Accounts receivable

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