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    Accounting Study Set 1
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    Exam 5: Merchandising Operations
  5. Question
    Under the Perpetual Inventory System,purchase Returns or Allowances Are Debited
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Under the Perpetual Inventory System,purchase Returns or Allowances Are Debited

Question 213

Question 213

True/False

Under the perpetual inventory system,purchase returns or allowances are debited to the Merchandise Inventory account by the purchaser.

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