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For perpetual inventory system which of the following effects does NOT occur upon the return from a customer of merchandise sold on account? A. increase
For perpetual inventory system which of the following effects does NOT occur upon the return from a customer of merchandise sold on account?
A. increase customer refunds and allowances and decrease accounts receivable
B. decreases cost of merchandise sold and increases merchandise inventory
C. increase purchase returns and allowances and decrease merchandise inventory
D. all of the above wouldoccur
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