Question: Under a perpetual inventory system, a . increases in inventory resulting from purchases are debited to Purchases b . the purchases returns and allowances account

Under a perpetual inventory system,
a. increases in inventory resulting from purchases are debited to Purchases
b. the purchases returns and allowances account is credited when goods are returned to vendors
c. accounting records continuously disclose the amount of inventory
d. there is no need for a year-end physical count
Under a perpetual inventory system, a. increases in inventory resulting from

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