Question
A company using a perpetual inventory system that returns goods previously purchased on credit would debit Accounts Payable and credit Merchandise Inventory debit Cash and
A company using a perpetual inventory system that returns goods previously purchased on credit would
debit Accounts Payable and credit Merchandise Inventory
debit Cash and credit Accounts Payable
debit Accounts Payable and credit Purchases.
debit Sales and credit Accounts Payable
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Computer Auditing Security And Internal Control Manual
Authors: Javier F. Kuong
1st Edition
0131629670, 978-0131629677
