Question: Which accounts are affected in the closing process under a perpetual inventory system? Question content area bottom Part 1 A. Gross Margin, Sales Returns and

Which accounts are affected in the closing process under a perpetual inventory system? Question content area bottom Part 1 A. Gross Margin, Sales Returns and Allowances, and Sales Discounts B. Gross Margin and Cost of Goods Sold C. Cost of Goods Sold, Sales Returns and Allowances, and Sales Discounts D. Operating Expenses, Sales Revenue, and Purchases

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