Which refers to the meaning of transportation out

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Problem 1: Which of the following refers to the meaning of transportation out?

a. It refers to the expense needed to sell the goods to the customers.

b. It refers to the expense needed to transport the goods sold to the customers.

c. It refers to the expense incurred in advertising the goods available.

d. It refers to the expense regarding the manpower cost needed to produce the products.

Problem 2: Which of the following journal entry is correct for the transactions of goods returned by a customer? *1st item debit; 2nd item credit

a. Accts payables Sales returns

b. Sales returns Accts receivables

c. Accts payables Accts receivables

d. Accts Payable Purchases returns

 

Reference no: EM132739269

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