Under the perpetual inventory system, when a wholesaler returns the goods purchased on account, the account...
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Under the perpetual inventory system, when a wholesaler returns the goods purchased on account, the account is credited. Accounts Receivable Merchandise Inventory Cost of Goods Sold C Accounts Payable Under the perpetual inventory system, when a wholesaler returns the goods purchased on account, the account is credited. Accounts Receivable Merchandise Inventory Cost of Goods Sold C Accounts Payable
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Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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