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Using the Perpetual Inventory System,discounts Taken on an Invoice,such as 3/10,n/30,would

Question 79

Multiple Choice

Using the perpetual inventory system,discounts taken on an invoice,such as 3/10,n/30,would be:

A) debited to Inventory.
B) credited to Inventory.
C) debited to Cost of goods sold.
D) credited to Cost of goods sold.

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