Question: 2 3 Sales returns: 1 points Multiple Choice 0 0 : 4 9 : 1 3 Refer to customers returning merchandise back to the seller
Sales returns:
points
Multiple Choice
::
Refer to customers returning merchandise back to the seller for a refund.
Are not recorded under the perpetual inventory system until the end of each accounting period.
Represent purchase discounts.
Refer to reductions in the selling price of merchandise sold to customers.
Represent cash discounts.
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