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under a perpetual inventory system Under a perpetual inventory system the account purchase returns and allowances is credited when goods are returned to vendors. increases
under a perpetual inventory system Under a perpetual inventory system the account purchase returns and allowances is credited when goods are returned to vendors. increases in inwentory resulting from purchases are debited to purchases. accounting records continuously diselose the amount of inventory. there is no need for a year-end physical count
under a perpetual inventory system
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