Answered

What is a purchase return?

A. A purchase return is designed to shorten the payment period between the buyer and the seller.
B. A purchase return is the cash discount given for early payment of an invoice.
C. A purchase return refers to merchandise a seller acquires but then returns to the buyer.
D. A purchase return refers to merchandise a buyer purchases but then returns to the seller.



Answer :

GinnyAnswer

Final answer:

A concise explanation of a purchase return - when buyers return purchased items to the seller for various reasons.


Explanation:

Purchase return refers to merchandise a buyer purchases, but then returns to the seller. It can occur for various reasons such as receiving damaged goods or incorrect items. The process involves issuing a credit memo or refunding the purchase amount.


Learn more about Purchase returns in business transactions here:

https://brainly.com/question/35034220


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