On January 21, 2019, Cressent Company received merchandise from Neptune Company. On that date, Cressent found a few of these goods to be damaged. On January 22, Cressent returned the damaged goods to the seller. Such returns will be treated as by Cressent.

Purchase return.

Explanation:

Purchase return can be made when a buyer of goods or services returns the product that it had purchased from a service provider or seller of the goods.

The journal used for recording the goods which are returned to the suppliers is called the purchase returns journal or purchase debits day-book.

Hence, such returns will be treated aspurchase return by Cressent.

after cutting wages and benefits in order to increase profit .

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