Question
If a purchaser returns goods purchased on account to the supplier under a perpetual inventory system, the purchaser would debit: A) Inventory and credit Accounts
If a purchaser returns goods purchased on account to the supplier under a perpetual inventory system, the purchaser would debit:
A) Inventory and credit Accounts Payable.
B) Accounts Payable and credit Inventory.
C) Inventory and credit Accounts Receivable.
D) Accounts Receivable and credit Inventory.
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
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