When a credit customer returns merchandise to the seller

Reference no: EM13569543

When a credit customer returns merchandise to the seller, under a perpetual inventory system, the seller would debit Sales Returns and Allowances and credit Accounts Receivable and also debit Merchandise Inventory and credit Cost of Goods Sold.

Reference no: EM13569543

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When a credit customer returns merchandise to the seller : when a credit customer returns merchandise to the seller under a perpetual inventory system the seller would debit

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When a credit customer returns merchandise to the seller

Reference no: EM13569543

Reference no: EM13569543

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