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Patents Supplies Inventory Equipment Question 2 3.25 pts Under a perpetual inventory system the account purchase returns and allowances is credited when goods are returned

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Patents Supplies Inventory Equipment Question 2 3.25 pts Under a perpetual inventory system the account purchase returns and allowances is credited when goods are returned to vendors accounting records continuously disclose the amount of inventory increases in inventory resulting from purchases are debited to purchases. there is no need for a year-end physical count Question 3 3.25 pts 6 3

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