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Sales returns: Multiple Choice Are not recorded under the perpetual inventory system until the end of each accounting period. Represent cash discounts. Refer to reductions

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Sales returns: Multiple Choice Are not recorded under the perpetual inventory system until the end of each accounting period. Represent cash discounts. Refer to reductions in the selling price of merchandise sold to customers. Represent trade discounts. Refer to merchandise that customers return to the seller after the sale

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