P1 returns goods previously purchased on credit from P2.

When a customer returns Goods the seller will prepare a

pav-90 [236]

Answer:

Purchase return.

Explanation:

A purchase return is a book usually prepared by the seller to record items such as fixed assets , inventories returned by the buyer. It is important that sellers take note of purchase returns as they could cut down the profit of business.

Goods or inventories may be returned by buyers due to buying defect products, goods ordered by the buyer are higher than what is required hence returns the excess, wrong supply of goods by the seller etc.

A seller may however charge a fee if the goods returned is due to the buyer's fault or the seller gives allowance to the buyer if the fault is his.

5 0

3 years ago

supply chain management: group of answer choices is based on the concept of just-in-time focuses on removing scheduling bottlene

Zarrin [17]

Just-in-time manufacturing is the foundation of supply chain management.

<h3>Describe the meaning of supply chain management?</h3>

It is possible to describe supply chain management as the effective and efficient management of the flow of goods and services as well as all industrial processes involved in converting raw materials into completed items that satisfy consumers' unquenchable want and demand.

In general, supply chain management includes all of the tasks involved in organising, carrying out, and delivering finished products and services from producers to customers. Through the use of an effective inventory system, it is a management framework that is focused on reducing production costs while boosting efficiency between suppliers and customers.

To know more about supply chain management visit:

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7 0

1 year ago

What is an example of credit? A) A person withdraws money from a bank account using an ATM card. B) A person borrows money from

ahrayia [7]

Answer:

b

Explanation:

An example of credit is when a person borrows money from a finance company to buy a car. Once credit is extended to a person and is used for a purchase, the credit is converted to a debt, and the person has the financial obligation to repay the loan.

7 0

3 years ago

Read 2 more answers

12. Describe an alternative investment that you might invest in someday, and explain why this investment is appealing to you

Ivenika [448]

I would invest in building my own house. This is appealing to me because I want to raise a family in a nice house that I have built.

4 0

3 years ago

Read 2 more answers

a rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit.

Mariulka [41]

The only time a rational decision maker will choose an action is when the marginal utility of the activity is greater than the marginal cost of the action. Option A

This is further explained below.

<h3>A rational decisionmaker takes an action if and only if:?</h3>

The marginal cost is a term that refers to the change in the total cost that takes place as a direct consequence of an increase in the quantity of a product or service that is produced.

In the field of economics, this phrase refers to the amount of money that must be spent in order to produce one more unit of output.

In conclusion, if the marginal benefit of the action is greater than the marginal cost of the action, then the action will be conducted by a rational actor if there is a positive expectation that the action will have a net positive outcome. Alternative A