Which of the below transactions is recorded by debiting inventory account and crediting cost of goods sold
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Question:
Which of the below transactions is recorded by debiting inventory account and crediting cost of goods sold account?
a.customer's return of a non defective merchandise
b.customer's return of a defective merchandise
c.purchase of merchandise
d.sales of merchandise
e.return of a defective merchandise to supplier
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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