Question: Which statement is wrong? 1. A return inward happens when a customer sends back goods. 2. A return inward is recorded based on the purchase

Which statement is wrong?

1. A return inward happens when a customer sends back goods.

2. A return inward is recorded based on the purchase price.

3. A return outward is a negative purchase.

4. A return inward must be deducted from purchases when calculating the gross profit.

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