Question: Business decision makers desire information on sales returns and allowances. (1) Explain why a companys manager wants the accounting system to record customers returns of
(1) Explain why a company’s manager wants the accounting system to record customers’ returns of unsatisfactory goods in the Sales Returns and Allowances account instead of the Sales account.
(2) Explain whether this information would be useful for external decision makers.
Step by Step Solution
★★★★★
3.52 Rating (172 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
In todays competitive world organizations must concentrate on meeting their customers needs and avoi... View full answer

Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)

202-B-A-M-B (1141).docx
120 KBs Word File