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A sales return for credit/matching principle

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1. Assume that a company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. A sales return for credit on account would be recorded in the:

sales journal.
general journal.
cash receipts journal.
accounts receivable ledger.

2. The matching principle requires:

that expenses be ignored if their effect on the financial statements are less important than revenues to the financial statement user.
the use of the direct write-off method for bad debts.
the use of the allowance method of accounting for bad debts.
that bad debts not be written off.

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A sales return for credit/matching principles are examined.

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1 A sales return for credit on account would be recorded in the:

General journal

Sales returns occur when customers return defective, damaged inventory to the ...

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