If a purchaser returns goods purchased on account to the supplier under a perpetual inventory system, the
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Question:
If a purchaser returns goods purchased on account to the supplier under a perpetual inventory system, the purchaser would debit:
A) Inventory and credit Accounts Payable.
B) Accounts Payable and credit Inventory.
C) Inventory and credit Accounts Receivable.
D) Accounts Receivable and credit Inventory.
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