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    Accounting Principles Study Set 3
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    Exam 5: Accounting for Merchandising Operations
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    In a Perpetual Inventory System, a Return of Defective Merchandise
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In a Perpetual Inventory System, a Return of Defective Merchandise

Question 43

Question 43

Multiple Choice

In a perpetual inventory system, a return of defective merchandise by a purchaser is recorded by crediting


A) Purchases.
B) Purchase Returns.
C) Purchase Allowance.
D) Merchandise Inventory.

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