We purchased Inventory from ABC Wholesale for $10,000 with term 2/10 N/30. Next day we returned Inventory
Fantastic news! We've Found the answer you've been seeking!
Question:
We purchased Inventory from ABC Wholesale for $10,000 with term 2/10 N/30. Next day we returned Inventory for $1,000. We are decided to pay ABC the net amount after discount. Under Periodic Inventory system, which account is used to record the discount?
Related Book For
Posted Date: