Question: Q/. Signify Increase, Decrease or No Effect as applicable to indicate the effect that the transaction type would have on the merchandise inventory account of

Q/. Signify "Increase", "Decrease" or "No Effect" as applicable to indicate the effect that the transaction type would have on the merchandise inventory account of the business recording the transaction. 1. Sales retum a) No Effect b) Increase c) Decrease 2. Purchase return a) No Effect b) Increase c) Decrease 3. Purchase allowance a) No Effect 4. Purchase discount ) No Effect b) Increase c)Decrease b) Increase c) Decrease 5. In-coming freight costs a) No Effect b) Increase c) Decrease 6. Out-going freight costs b) Increase c) Decrease a) No Effect 7. Sales allowance a) No Effect 8. Sales discount b) Increase c) Decrease a) No Effect b) Increase cDecrease

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