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    Horngrens Accounting Study Set 2
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    Exam 5: Merchandising Operations and the Accounting Cycle
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    A Purchase Return or Allowance Under a Periodic Inventory System
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A Purchase Return or Allowance Under a Periodic Inventory System

Question 126

Question 126

Multiple Choice

A purchase return or allowance under a periodic inventory system is credited to:


A) Accounts Payable.
B) Purchase Returns and Allowances.
C) Inventory.
D) Purchases.

Correct Answer:

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