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    Accounting Principles Study Set 3
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    Exam 5: Accounting for Merchandising Operations
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    When a Seller Grants Credit for Returned Goods, the Account
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When a Seller Grants Credit for Returned Goods, the Account

Question 173

Question 173

Multiple Choice

When a seller grants credit for returned goods, the account that is credited is


A) Sales.
B) Sales Returns and Allowances.
C) Merchandise Inventory.
D) Accounts Receivable.

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