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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Under a perpetual inventory system, when goods are returned to the retailer from a customer:
A) Cost of Goods Sold is debited; Sales Returns and Allowances is credited.
B) Sales Returns and Allowances is debited; Cost of Goods Sold is credited.
C) Sales is debited; Cost Goods Sold is credited.
D) Inventory is debited; Sales is credited.
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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tivo Author
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#2
7 years ago
Amazing, that's all I can say
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