Match the Terms with the Descriptions Provided

Multiple Choice

Match the terms with the descriptions provided.
-Under the perpetual inventory system, a reduction in the inventory account balance not caused by a sale or return.

A) Consignment
B) Discount period
C) Inventory
D) LIFO Reserve
E) Lower of cost or market rule
F) Purchase allowance
G) Purchase discounts
H) Purchase returns
I) Purchases