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The Entry to Record the Return of Goods to a Supplier

Question 1

Multiple Choice

The entry to record the return of goods to a supplier under the perpetual inventory system,including GST,is:


A) Debit Inventory,credit Purchases Returns,credit GST outlays
B) Debit Accounts Payable,credit Purchases,credit GST outlays
C) Debit Inventory,debit GST outlays,credit Accounts Payable
D) Debit Accounts Payable,credit Inventory,credit GST outlays

Correct Answer:

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