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

answer; /// the above statement is (true);

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answertrue;