Is the accounting for purchase discounts and purchase returns the same with the perpetual and the periodic

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Is the accounting for purchase discounts and purchase returns the same with the perpetual and the periodic inventory methods? If not, what are the differences?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 04:40 AM

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Is the accounting for purchase discounts and purchase returns the same with the perpetual and the periodic

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Accounting concepts and applications

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