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Under the perpetual inventory system

24 / 01 / 2019 Assignments

This paper circulates around the core theme of Under the perpetual inventory system together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 79. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Under the perpetual inventory system

Under the perpetual inventory system, what is the difference between a sales return and a sales allowance?A sales allowance is deducted from Sales revenue to calculate net sales, but a sales return is not.A sales return involves an adjustment to Merchandise inventory, but a sales allowance does not.A sales return requires a debit to Sales Returns and Allowances, but a sales allowance does not.A sales return reduces the amount receivable from the customer, but an allowance does not.

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