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If a purchaser returns goods purchased on account to the supplier under a perpetual inventory system, the purchaser would debit Accounts Payable. Merchandise Inventory. Cost
If a purchaser returns goods purchased on account to the supplier under a perpetual inventory system, the purchaser would debit
| Accounts Payable. |
| Merchandise Inventory. |
| Cost of Goods Sold. |
| Purchase Returns.
|
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