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    Financial Accounting Study Set 30
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    Exam 7: Inventory and Cost of Goods Sold
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    When a Perpetual Inventory System Is Used, the Purchases Returns
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When a Perpetual Inventory System Is Used, the Purchases Returns

Question 10

Question 10

True/False

When a perpetual inventory system is used, the purchases returns and allowances account will not be part of the general ledger accounts.

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