On January 21, 2016, Bessant, Inc. received merchandise from
On January 21, 2016, Bessant, Inc. received merchandise from Mullies, Inc. On that date, it found a few of these goods to be damaged. On January 22, it returned the damaged goods to the seller. Such returns will be treated as ________ by Bessant.
A) purchase returns
B) sales returns
C) purchase allowances
D) sales allowances
ANSWER
A
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