Multiple Choice
To record a return of merchandise purchased on credit on the books of the buyer, the accountant would:
A) debit Purchases and credit Purchases Returns and Allowances.
B) debit Purchases Returns and Allowances and credit Accounts Receivable.
C) debit Purchases Returns and Allowances and credit Purchases.
D) debit Accounts Payable and credit Purchases Returns and Allowances.
Correct Answer:

Verified
Correct Answer:
Verified
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