Which of the following statements is correct? (a) The Discount allowed column is included in the cash

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Which of the following statements is correct?

(a) The ‘Discount allowed’ column is included in the cash receipts journal.

(b) The purchases journal records all purchases of inventory whether for cash or on account.

(c) The cash receipts journal records credit sales.

(d) Inventory returned by the buyer is recorded by the seller in the purchases journal.

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