a. the account purchase returns and allowances is credited
b. when goods are returned to vendors.
c. increases in inventory resulting from purchases are debited to purchases.
d. there is no need for a year-end physical count.
e. accounting records continuously disclose the amount of inventory.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Under a perpetual inventory system a. the account purchase returns and allowances is credited b. when goods are returned to vendors. c. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Under a perpetual inventory system a. the account purchase returns and allowances is credited b. when goods are returned to vendors. c. increases in inventory resulting from purchases are debited to purchases. d.