The journal entry by the buyer to record a return of merchandise purchased on account under a perpetual inventory system would credit
A)Accounts Payable.
B)Purchase Returns and Allowances.
C)Sales.
D)Merchandise Inventory.

Question

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The Answer of The journal entry by the buyer to record a return of merchandise purchased on account under a perpetual inventory system would credit
A)Accounts Payable.
B)Purchase Returns and Allowances.
C)Sales.
D)Merchandise Inventory.

The Journal Entry by the Buyer to Record a Return