Business, 22.12.2020 14:00 lisacarter0804

P1 returns goods previously purchased on credit from P2. Where will this transaction be recorded in P2’s accounting records?

Book of Prime (Original) Entry
Nominal (General) Ledger
A
Purchases Returns Journal
Credit Purchases Returns Account
B
Purchases Returns Journal
Debit Purchases Returns Account
C
Sales Returns Journal
Credit Sales Returns Account
D
Sales Returns Journal
Debit Sales Returns Account

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:30, tilacohen

1. gar principles or "the principles"are intended to do what?

Answers: 2

continue

Business, 22.06.2019 11:00, montgomerykarloxc24x

You decide to invest in a portfolio consisting of 25 percent stock a, 25 percent stock b, and the remainder in stock c. based on the following information, what is the expected return of your portfolio? state of economy probability of state return if state occurs of economy stock a stock b stock c recession .16 - 16.4 % - 2.7 % - 21.6 % normal .55 12.6 % 7.3 % 15.9 % boom .29 26.2 % 14.6 % 30.5 %

Answers: 1

continue

Business, 22.06.2019 15:40, aroman4511

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

Answers: 1

continue

Business, 22.06.2019 19:50, annabanana1298

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?

Answers: 1

continue

You know the right answer?

P1 returns goods previously purchased on credit from P2. Where will this transaction be recorded in...