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    Cornerstones of Financial Accounting Study Set 3
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    Exam 6: Cost Of Goods Sold and Inventory
  5. Question
    A Customer Returned Damaged Goods for Credit
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A Customer Returned Damaged Goods for Credit

Question 96

Question 96

Multiple Choice

A customer returned damaged goods for credit. Under a perpetual system, which of the seller's accounts decreases?


A) purchase returns
B) accounts receivable
C) sales returns
D) sales revenue

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